China's trade balance expectations - Westpac

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Analysts at Westpac noted the trade balance data coming up from China.

    Key Quotes:

    "Jan China trade balance is expected at 1pm Syd/10am Beijing though the CNY figure has tended to be released well before the USD numbers.

    The median forecast is for a small rise to a surplus of $60.60bn or CNY389bn. Soft external demand should weigh on exports while weak commodities prices help keep the import bill remain low.

    In USD terms, forecasters are expecting -1.8% y/y and -3.6% respectively, while the lower currency should see the same rise by 3.6% y/y and 1.8% in CNY terms.

    The Jan/Feb releases will as usual will be affected by lunar new year volatility."
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