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Risk aversion reversing - FXStreet

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 13, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained that risk aversion eased further this Wednesday, with the dollar gaining ground during the first half of the day, amid a positive surprise coming from Chinese trade surplus, much better-than-expected.

    Key Quotes:

    "Risk sentiment reversed course after the second world's largest economy posted a surplus of CNY382bn, against the 338bn drop expected. Imports fell by 7.6% against a 11.5% decline expected, whilst exports also decrease much less than expected.

    In Europe, data released was second line one, with the most notable news being Greece moving out of deflation, as the yearly CPI printed 0.4% in December, although it hardly affected the common currency."
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