Some notable things to take note from China’s key data:
· June trade balance stands at CNY 328.94 bil (compared to the last one at CNY 442.75bil) *in Yuan terms
· June exports are at +4.3% (compared to +1.4% previously)
· June imports are at +6.2% (compared to -12.7%)
It must be mentioned here that China’s foreign trade development is facing increasing pressure from foreign environment.
Overall, the upbeat data had a positive impact on the AUD/USD pairing.
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