China’s Trade data (CNY): Imports and exports jump sharply in December
|China's Trade Balance for December, in Yuan terms, came in at CNY +330 billion versus CNY 315 billion expected and CNY 274.21 billion last.
Exports came in at +9% vs. +2.8% expected and +1.3% last, while imports arrived at +17.7% vs. -1.4% expected and +2.5% last.
For the year 2019, exports are up +5% YoY while imports rose 1.6% while the trade balance came in at CNY +2.92 trillion.
Trade between the US and China decreased by 10.7% YoY in 2019.
The upbeat Chinese trade data served failed to impress the AUD bulls, leaving AUD/USD pair in lows around 0.6890 region, as the focus remains on the US-China trade deal signing.
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