China Exports Crumble in February but Finger Pointed at Chinese New Year Extended Holiday Break
* Feb Trade Deficit $7.3bln From Year Ago (F’cast $4.95bln)
* Feb Exports +2.4 Pct from Year Ago (F’cast +26.2%)
* Feb Imports +19.4 Pct from Year Ago (F’cast +32.2%)
Headlines Courtesy of Reuters

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Surely they would do seasonally adjusted figures at new Year every year? All Govt statistical people know how to massage the figures to make them what they want. have they been massaging so long there is nothing left to fudge?
Nice drop in EURUSD, let’s see how far it goes…
Do you think the impact of this economic news will continue when the European markets open in a few hours?