China’s Trade Balance for April, in Yuan terms, came in at CNY318.15 billion versus CNY125.82 billion expected and CNY139.42 billion last.
Exports came in at +8.2% vs. -3.5% last, while imports arrived at -10.2% vs. +2.4% exp. and +2.4% last.
AUD/USD reaction
The Chinese exports surprise jump boosted the AUD bulls, as the AUD/USD pair jumped to daily tops of 0.6424.
