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)