China CNY Trade Balance clocks in at 213.2 billion
|China's Trade Balance (in CNY terms) printed far above expectations, coming in at 213.2 billion Yuan versus the 136.2 billion market call, with the previous reading at 179.75 billion.
Key highlights
The off-kilter Trade Balance forecast is owed primarily to a big swing in the annualized Exports for September: Imports for September (also in CNY) printed at 17.1%, above the 15.2% forecast with the last reading at 18.8%, while CNY-based Exports surged to 17.0% (forecast 10.4%, previous 7.9%).
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.