China’s Dec Trade data (USD): Beats estimates across all indicators

Dhwani Mehta FXStreet

The China customs published Trade Balance for December in USD terms, reporting a widening trade surplus, as imports and exports rise more-than-expected.

In USD terms,

Trade Balance came in at +78.17B versus +72.35B expected and +75.40B previous.

Exports (YoY): +18.1% vs. +15.0% exp. and +21.1% last.

Imports (YoY): +6.5% vs. +5.0% exp. and +4.5% last.

Market implications

AUD/USD pair briefly regained 0.7750 on the upbeat Chinese trade numbers.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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