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China Exports (USD) (Y/Y) May: +1.1% (est -3.9%) China Imports (USD) (Y/Y) May: -8.5% (est -3.5%)
China Exports (USD) (Y/Y) May: +1.1% (est -3.9%)
— LiveSquawk (@LiveSquawk) June 10, 2019
China Imports (USD) (Y/Y) May: -8.5% (est -3.5%)
China Trade Balance (USD) May: 41.65B (est 22.3B)
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China Exports (CNY) (Y/Y) May: +7.7% (est +4.7%)
— LiveSquawk (@LiveSquawk) June 10, 2019
China Imports (CNY) (Y/Y) May: -2.5% (est +5.8%)
China Trade Balance (CNY) May: 279.1B (est 136.0B)
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China Trade Surplus With US (CNY) Jan-May: 750.6B
— LiveSquawk (@LiveSquawk) June 10, 2019
China Exports To US (CNY) (Y/Y) Jan-May: -3.2%
China Imports To US (CNY) (Y/Y) Jan-May: -25.7%
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AUD/USD keeps losses despite big beat on China's exports
AUD/USD is struggling to gain ground despite the above-forecast China exports data. The currency pair is currently trading at 0.6982, having hit a session low of 0.6979 soon before press time. China's exports rose 7.7% year-on-year in CNY terms in May, beating the expected rise of 4.7% by a big margin. Meanwhile, imports, a barometer of domestic demand, fell 2.5%, missing the expected increase of 5.8% and down significantly from the 10.3% rise registered in April. As a result, the trade surplus ticked higher to CNY 279.100 billion from 93.57 billion. In US Dollar terms, exports rose at 1.1% year-on-year, while ... (full story)