Chinese Trade Data Putting AUD Under Pressure
Chinese trade data is out and it appears there are some weaker than anticipated import and export figures.
The AUD/USD has fallen and is down -0.35% post-release.
- China trade balance USD bn, expected $51.6bn, prior was $44.7bn
- Exports -4.4% y/y, expected 2.0%, prior 5.4%
- Imports -7.6% y/y, expected 4.5%, prior was 3.0%
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