8 Aug 2013
Flash: USD/JPY and AUD/USD higher on Chinese trade data - Danske Bank
FXstreet.com (Barcelona) - Danske Bank analysts note that USD/JPY and AUD/USD climbed as Chinese trade balance data showed an improvement in risk sentiment.
Key Quotes
“Asian equity markets trade higher after Chinese trade balance data show that China’s exports and imports rebounded strongly in July. Exports rose 5.1% in July from a year earlier while imports advanced 10.9%.”
“Both numbers are markedly better than expected and risk appetite is fuelled on hopes that the Chinese economy is stabilising.”
“In the FX market both USD/JPY and AUD/USD trade higher along with the improvement in risk sentiment, even though a disappointing employment report showed that Australian employment declined by 10.2K in July.”
Key Quotes
“Asian equity markets trade higher after Chinese trade balance data show that China’s exports and imports rebounded strongly in July. Exports rose 5.1% in July from a year earlier while imports advanced 10.9%.”
“Both numbers are markedly better than expected and risk appetite is fuelled on hopes that the Chinese economy is stabilising.”
“In the FX market both USD/JPY and AUD/USD trade higher along with the improvement in risk sentiment, even though a disappointing employment report showed that Australian employment declined by 10.2K in July.”