Good morning, afternoon or evening to all ForexLive traders and welcome to the start of the new FX week!
As is usual for a Monday morning, market liquidity is very thin until it improves as more Asian centres come on online ... prices are liable to swing around on not too much at all, so take care out there. Only some small change from late Friday levels:
- EUR/USD 1.1915
- USD/JPY 108.38
- GBP/USD 1.3831
- USD/CHF 0.9297
- USD/CAD 1.2654
- AUD/USD 0.7689
- NZD/USD 0.7162
Be back soon with weekend news. ICYMI:
Also, out over the weekend was China's trade balance for February ... hold onto your hats for the exports number!
USD terms Exports YTD are up 60.6% y/y (expected was +40%)
- in yuan terms +50.1%
USD terms Imports YTD +22.2% y/y (expected +16%)
in yuan terms +15.4%
January and February have been reported together as 'YTD' to help account for the variable timing of Lunar New Year each year.
Happy Monday!
