is this good for aud and nzd against usd? or bad. seems like import drop while export rise. but cny good data = commodites good but the import speak another story.
China May Exports Rise More Than Estimated as Imports Decline
China’s exports increased more than estimated in May while imports (CNFRIMPY) unexpectedly fell and the trade surplus surged. Overseas shipments rose 7 percent from a year earlier, the Beijing-based customs administration said today. That compared with the median estimate for a 6.7 percent gain in a Bloomberg News survey of analysts. Projections of 43 analysts ranged from a decline of 1.8 percent to an increase of 10.4 percent. Imports dropped 1.6 percent from a year earlier, the administration said. That compared with a median estimate for a 6 percent increase from analysts surveyed by Bloomberg News, with ... (full story)