others
Surplus widens more than expected in February amid a surge in exports – Crypto News
China’s Trade Balance for February, in Chinese Yuan terms, came in at CNY 890.8 billion, widening from the previous figure of CNY540.90 billion.
Exports rose sharply by 7.1%% YoY during the reported month vs. 2.3% seen in January and 1.9% expected. The country’s imports, meanwhile, climbed 3.5% YoY in February vs. 0.2% booked previously.
In US Dollar terms, China’s trade surplus rose to $125.16 billion in February versus the +103.7 billion expected and +75.34 billion previous.
FX implications
The AUD/USD pair reacts little to the upbeat data and sticks to its modest intraday gains just below a nearly two-week high touched on Wednesday.
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