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China trade balance coming up - TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Guatemala) - Analysts at TD Securities noted the upcoming data from China next week in the trade balance.

    Key Quotes:

    "China Manufacturing PMIs have disappointed of late, with weak external demand a factor. As a result, the risk lies with exports registering another decline from the -6.8% prior. The market is more likely to look at imports to gauge internal demand. Here too we pencil in another decline from the prior -8.7%, but part of this is due to the CNY depreciation over Dec."
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