Terrible Chinese Trade Numbers

Exports +2.9% y/y vs +9.0% exp Imports flat vs +2.0% exp Trade surplus $19.63B vs $26.85 exp Massive misses on exports and imports. On exports, the lowest estimate on Bloomberg was +6.0%. AUD/USD quickly down to 1.0468. There has been some volatility in recent Chinese trade data but it’s difficu…

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Terrible Chinese Trade Numbers

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