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USD/CNY
USD/CNY
6.7076
-0.03% (-0.0017)
Market read
China's export and import growth both accelerated from the prior month, signaling steady external and domestic demand. Imports rose faster than expected while exports matched forecasts, suggesting domestic demand held up even as import growth undershot its own estimate. Next up: MBA 30-Year Mortgage Rate.
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China's August trade surplus came in close to estimates, with exports and imports both growing faster year-on-year than the prior month.
China's export and import growth both accelerated from the prior month, signaling steady external and domestic demand. Imports rose faster than expected while exports matched forecasts, suggesting domestic demand held up even as import growth undershot its own estimate.
ZeroHedge·09/08, 09:35 AM
China's August exports in USD terms rose 25.0% year-on-year, below the 25.9% estimate, while imports rose 28.2% year-on-year, below the 31.0% estimate.
FinancialJuice·09/08, 09:30 AM
China's August exports denominated in yuan rose 18.6% year-on-year, according to state media.
InvestingLive·09/08, 04:03 AM
China's August trade data is due, with a Reuters poll forecasting export growth of 25% year-on-year (up from 23.9% in July), import growth of 30% year-on-year (up from 27.5%), and a trade surplus widening to about $119.05 billion from $112.5 billion in July.
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