China’s Jan-Feb Trade data (USD): Surplus beats estimates as exports unexpectedly jump
|The China customs published Trade Balance for January-February in USD terms, reporting a tad bigger-than-expected increase in the trade surplus and above-forecasts exports and imports data.
In USD terms,
Trade Balance (USD) came in at +39.16B versus +38.64B expected and +47.21B previous.
Exports (YoY): +9.1% vs.-4.8% exp. and +7.9% last.
Imports (YoY): -1.6% vs.-6.0% exp. and +16.5% last.
China Customs office said it combined Jan-Feb trade data while responding in a statement about the lack of Jan preliminary trade data on Friday.
AUD/USD keeps the red
Meanwhile, the AUD/USD pair ignores upbeat Chinese Trade figures, as it remains pressured by the RBA GDP forecasts downgrade and risk-off sentiment. At the press time, the spot prints a new session low near 0.6710, down 0.27% on the day.
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