China’s March trade balance (CNY): Surplus expands sharply amid exports jump

China's trade balance for March, in Yuan terms, came in at CNY 220bn versus CNY 178.2bn expected and CNY 34.46bn last.

Exports came at +21.3% y/y vs. +14.8% expected and -16.6% last, while imports were -1.8% y/y vs. -9.6% expected and -0.3% last.

Apr 12, 2019

AUD/USD holds stable near 0.7130 area, moves little after Chinese trade balance data

• Some renewed USD selling bias helped regain some positive traction on Friday. • An unexpected jump in China’s trade surplus remained supportive of

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