China’s Oct trade data (CNY): Surplus – a big beat on expectations, Aussie sticks to lows

Dhwani Mehta FXStreet

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.

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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