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." For more information, read our latest forex news.