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China’s July Trade Balance: Surplus widens more than expected to $112.5 billion
China's Trade Balance for July, in US Dollar (USD) terms, arrives at $112.5 billion, higher than the $107.0 billion expected, but lower than the prior release of 125.62 billion.
China Exports (YoY) came in at 23.9%, above expectations (22.2%) in July
China Exports (YoY) came in at 23.9%, above expectations (22.2%) in July
China Imports (YoY) registered at 27.5%, below expectations (27.9%) in July
China Imports (YoY) registered at 27.5%, below expectations (27.9%) in July
China Exports (YoY) CNY increased to 23.9% in July from previous 20.8%
China Exports (YoY) CNY increased to 23.9% in July from previous 20.8%
China Trade Balance USD registered at $112.5B above expectations ($107B) in July
China Trade Balance USD registered at $112.5B above expectations ($107B) in July
China Trade Balance CNY registered at 767B above expectations (740B) in July
China Trade Balance CNY registered at 767B above expectations (740B) in July
Australian Dollar bulls remains on the sidelines as Iran risks support USD ahead of US NFP
The AUD/USD pair steadies around the 0.7030-0.7025 region during the Asian session on Friday as traders opt to wait for the release of the closely watched US monthly employment details before placing fresh directional bets.
Euro weakens against US Dollar amid Middle East tensions
EUR/USD extends its losses for the second consecutive day, trading around 1.1520 during the Asian hours on Friday. The currency pair faces downward pressure as the US Dollar (USD) gains strength, propelled by renewed safe-haven demand among global investors.
PBOC sets USD/CNY reference rate at 6.7904 vs. 6.7895 previous
On Friday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.7904 compared to the previous day's fix of 6.7895 and 6.7548 Reuters estimate.
Japanese Yen hangs near weekly low after weak spending data as USD bulls await US NFP
The USD/JPY pair is seen consolidating this week's solid recovery gains from the 155.25-155.20 region, the lowest since May, touched in the aftermath of a joint US-Japan intervention, and holds steady near the weekly top.
Japan JP Foreign Reserves dipped from previous $1287.5BÂ to $1287.1B in July
Japan JP Foreign Reserves dipped from previous $1287.5BÂ to $1287.1B in July
Chinese Yuan: Bullish tone with upside tests against US Dollar – UOB
United Overseas Bank (UOB) analysts Quek Ser Leang and Lee Sue Ann note that USD/CNH is trading with a soft underlying tone, with scope for the Dollar to test support levels near 6.7420 in the short term, while a sustained break lower is seen as unlikely.
Japan Overall Household Spending (YoY) came in at -3.3%, below expectations (1%) in June
Japan Overall Household Spending (YoY) came in at -3.3%, below expectations (1%) in June