9 Dec 2013
China's Nov trade balance doubles expectations
FXstreet.com (Bali) - China's trade balance for the month of November came at $33.80bn surplus vs. 21.20bn expected, a surprisingly high reading which helped boost the AUD.
Looking at the break down, exports were 12.7% higher than a year earlier in Nov vs +7.0% expected and +5.6% in October, while imports stood at +7.0 vs +5.3% expected and +7.6% prior.
Looking at the break down, exports were 12.7% higher than a year earlier in Nov vs +7.0% expected and +5.6% in October, while imports stood at +7.0 vs +5.3% expected and +7.6% prior.