China’s Trade Balance (CNY): Surplus shrinks while exports and imports jump in June

China’s Trade Balance for June, in Yuan terms, came in at CNY425 billion versus CNY442.75 billion last.

Exports came in at +4.3% vs. +1.4% last, while imports arrived at +6.2% vs. -12.7% prior.

AUD/USD reaction

The Chinese exports and imports jump boosted the AUD bulls, as the AUD/USD pair turned positive to test daily tops near 0.6947.