China’s Trade Balance (CNY): Exports and imports jump in June
|China's Trade Balance for June, in Yuan terms, came in at CNY328.94 billion versus CNY442.75 billion last.
June exports came in at +4.3% vs. +1.4% last, while imports arrived at +6.2% vs. -12.7% prior.
Additional points
China Jan-June yuan-denominated exports -3% YoY.
China Jan-June yuan-denominated imports -3.3% YoY.
China Jan June total trade with the united states -6.6% at 1.64 trillion yuan.
China's foreign trade development facing a grimmer and more complicated external environment.
AUD/USD reaction
The Chinese exports and imports jump boosted the AUD bulls, as the AUD/USD pair turned positive to test daily tops near 0.6947.
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.