8 May 2015
China trade balance eyed
FXStreet (Bali) - China trade balance figures are due any moment, with Westpac expecting another soft reading on imports.
Key Quotes
"The China April trade data is due any time from 12pm Syd/10am local. March saw a stunning -15% y/y on exports, -12.7% y/y on imports."
"With commodity prices still broadly soft, imports are expected to print a similar soft reading, so most attention will be on exports."
"The median forecast is +1.6% y/y but this disguises a wide range of -16% to +9%. The median forecast of the trade balance is for a surge in the surplus from $3bn to almost $40bn."
Key Quotes
"The China April trade data is due any time from 12pm Syd/10am local. March saw a stunning -15% y/y on exports, -12.7% y/y on imports."
"With commodity prices still broadly soft, imports are expected to print a similar soft reading, so most attention will be on exports."
"The median forecast is +1.6% y/y but this disguises a wide range of -16% to +9%. The median forecast of the trade balance is for a surge in the surplus from $3bn to almost $40bn."