China's September trade surplus was $133.53 billion, with exports up 36.3% y/y and imports up 31.0% y/y, both beating estimates.
LiveSquawk10/14, 09:32 AM
- $133.53B
- est $118.1B
- prev $119.09B
- 36.3%
Figures as quoted by LiveSquawk
Market impact
Which way this story pushes each asset. An inference from the story, not a measured move.
CNY
Pushes up
DaysMedium confidence
Stronger exports and a wider trade surplus add dollar inflows that get converted into yuan, supporting CNY.
What could change this
PBOC currency management could limit how much the yuan actually strengthens from the trade inflows.
USD/CNY before and after this story
6.6692-0.05%vs previous close
-0.35%
since this story
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This story
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