Chinese July export/import data now released 8 Aug
- imports yy +11.0% vs +16.6% exp
- oil product exports 4.55mln tonnes vs 4.2mln tonnes in June
- yuan-denominated exports yy +11.2%
- yuan-denominated imports yy +14.7%
- crude oil imports 34.74mln tonnes vs 36.11mln tonnes in June
- oil product imports 2.34mln tonnes as prev
- Jan-July crude oil imports 247.08mln tonnes vs 217.6 mln same period 2016
- July copper imports inc semis 390k tonnes as prev
- Jan-July copper imports inc semis 2.620mln tonnes vs 3.090mln tonnes same period 2016
Soggier than expected data with crude oil imports down 3.8% mm
AUDUSD 0.7927 just off session highs after a solid/steady climb from 0.7910
AUDUSD 15m
