China trade balance for May: CNY +156.51bn (expected CNY 222bn)

China trade balance for May is CNY +156.51bn for a miss on estimates

• expected CNY 222.00bn, prior was CNY 182.80bn

Exports +3.2% y/y in at a beat though, which is not too bad

• expected 1.6%, prior was 3.7%

Imports +15.6% y/y and also a beat, a big one!

• expected 8.6%, prior was 11.6%

AUD is making a fresh session low after the data, sellers are not rushing this thing but they have been steady indeed. Curious that the headline is a miss but the details are not so bad. I reckon that might give the AUD a respite for a while.