China March trade balance result is $ bn ... still to come
- expected $40.1bn, prior was $60.62bn
Waiting on the USD terms, but in yuan terms a substantial narrowing to 18.1bn (expected is 250bn, prior was 350.5bn)
Exports -14.6% y/y (yuan terms)
Imports -12.3% y/y (yuan terms)
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AUD down, as is the kiwi on the release .... this is HUGE miss on expectations
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ADDED .... USD terms data out now:
March trade surplus $ 3.08bn
- expected $40.1bn, prior was $60.62bn
March exports -15% y/y
- expected +9.0% y/y, prior was +48.3%
March imports -12.7% y/y
- expected -10.0% y/y, prior was -20.5%
