The China customs published Trade Balance for July in USD terms, reporting a bigger-than-expected increase in the trade surplus, in light of a surprise jump in exports. In USD terms, Trade Balance came in at +62.33B versus +42.0B expected and +46.42B previous. Exports (YoY): +7.2% vs. -0.2% exp. and +0.5% last. Imports (YoY): -1.4% vs. +1.0% exp. and +2.7% last. Market implications The surprise jump in exports is welcome news for the Chinese economy. However, it failed to have any positive impact on the Chinese proxy, the AUD. The AUD/USD pair hovers near daily lows of 0.7210. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/USD probes intraday low beyond 0.7200 after China trade data FX Street 2 years The China customs published Trade Balance for July in USD terms, reporting a bigger-than-expected increase in the trade surplus, in light of a surprise jump in exports. In USD terms, Trade Balance came in at +62.33B versus +42.0B expected and +46.42B previous. Exports (YoY): +7.2% vs. -0.2% exp. and +0.5% last. Imports (YoY): -1.4% vs. +1.0% exp. and +2.7% last. Market implications The surprise jump in exports is welcome news for the Chinese economy. However, it failed to have any positive impact on the Chinese proxy, the AUD. The AUD/USD pair hovers near daily lows of 0.7210. Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
