China’s Trade data (CNY): Surplus, exports surprise positively, imports disappoint in Jan

China’s Trade Balance for January, in Yuan terms, came in at CNY 271.16 billion versus CNY 261.58 billion expected and CNY 329.27 billion last.

Exports came in at +13.9% vs. -6.3% expected and +9% last, while imports arrived at +2.9% vs. +19.1% expected and +17.7% last.

The upbeat Chinese trade data served failed to rescue the AUD bulls, leaving AUD/USD pair in lows just above the 0.67 handle, as the focus shifts towards the US payrolls data.

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