China's data

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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.


#TradeNotes# 

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