China's Trade Balance showed $60 billion surplus

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Monday, Feb 09 2015

While analysts were predicting $49.9 billion surplus, China's Trade Balance surplus rose to $60 billion. Incline was due to imports decline which was plunged on falling commodity prices and weak domestic demand.

Imports fell by the most in more than five years, declining 19.9% from a year earlier. Analysts were anticipating 3.2% fall. On the other hand exports fell by 3.3%, in line with market forecasts.

After market opening Aussie gapped lower and is currently being traded few points above 0.7760 level. Later today, Anz Job Advertisements figures are scheduled for a release.

Last modified on Sunday, 08 February 2015

More in this category: « USD - Major events in the week ahead Anz Job Advertisements rose for the eighth consecutive month »

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