China’s Sept Trade Balance (CNY): Surplus shrinks amid surprise jump in imports
|China's Trade Balance for September, in Yuan terms, came in at CNY257.68 billion versus CNY416.59 billion last.
September exports came in at +8.7% vs.+11.6% last while imports arrived at +11.6% vs. -1.3% expected and -0.5% prior.
Additional points
Jan-Sept trade balance +2.3 trln yuan
China Q3 yuan-denominated exports +10.2% YoY.
China Q3 yuan-denominated imports +4.3% YoY.
China Jan-Sept trade with the US +2% in yuan terms.
AUD/USD reaction
The aussie dollar is a little impressed by the unexpected jump in the Chinese imports last month, which suggests a strengthening domestic economy.
AUD/USD was last seen trading at 0.7168, nearly daily lows, down 0.50% on the day.
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.