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Published: 2024-01-12T05:43:59.000Z

AUD/USD flows: Better than expected Chinese Trade and CPI numbers Supports the Aussie

byCephas Kin Long Yung

FX Analyst
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China's December Headline Trade Balance + 540.9bn CNY, export +3.8% y/y and import +1.7% y/y

China December CPI -0.3% y/y (expected -0.4%)

 

The Chinese headline trade balance showed a surplus of  540.9bn (CNY) with both export and import rising. Export rose by 3.8% y/y from 1.7% and import increase by 1.7% y/y from 0.6%. CPI continue to contract y/y by 0.3% but better than 0.4% expected. The stronger than expected Chinese data seems to have outweighed shaky risk sentiment and supported the Antipodeans.

AUD/USD is trading 0.17% higher at 0.6699.

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Topics
FX DM
AUD/USD-Commentary
Foreign Exchange
Flows

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