China’s July Trade Balance (CNY): A big beat across all indicators


China’s Trade Balance for July, in Yuan terms, came in at CNY442.23 billion versus CNY264.99 billion expected and CNY328.94 billion last.

July exports came in at +10.4% vs. +2.3% expected and +4.3% last while imports arrived at +1.6% vs. -0.7% expected and +6.2% prior.

AUD/USD reaction

A big beat on the Chinese trade figures fails to impress the AUD bulls, as the AUD/USD pair keeps its range near daily lows of 0.7210. The spot is down 0.24% on the day.

Get the 5 most predictable currency pairs

About Author

Comments are closed.