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.
