China’s Oct trade data (CNY): Surplus – a big beat on expectations, Aussie sticks to lows
|China's Trade Balance for October, in Yuan terms, came in at CNY +301.38 billion versus CNY 220.20 billion expected and CNY 275.15 billion last.
Exports came in at +4.9% vs. +5.1% expected and -0.7% last, while imports arrived at -0.4% vs. -1.1% expected and -6.2% last.
The upbeat Chinese trade data served failed to impress the AUD bulls, leaving AUD/USD pair in lows around 0.6880 region amid renewed trade deal uncertainty.
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