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China’s July Trade data (USD): Surplus expands amid a surprise jump in exports

Dhwani Mehta FXStreet

The China customs published Trade Balance for July in USD terms, reporting a bigger-than-expected increase in the trade surplus, in light of a surprise jump in exports.

In USD terms,

Trade Balance came in at +62.33B versus +42.0B expected and +46.42B previous.

Exports (YoY): +7.2% vs. -0.2% exp. and +0.5% last.

Imports (YoY): -1.4% vs. +1.0% exp. and +2.7% last.

Market implications

The surprise jump in exports is welcome news for the Chinese economy. However, it failed to have any positive impact on the Chinese proxy, the AUD. The AUD/USD pair hovers near daily lows of 0.7210.

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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China’s July Trade data (USD): Surplus expands amid a surprise jump in exports

In USD terms,

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