13.07.2016 - Exports in China rose in June
In China, has been published statistics on the country's trade balance surplus which totaled 48.1 billion US dollars against the forecast of 46.0 billion dollars. Exports in yuan rose by 1.3% in June compared to the same period of the last year. At the same time, imports fell by 2.3%, indicating a reduction in consumption and negatively displayed on the commodity currencies like the Australian dollar. We expect increased volatility on Friday after the publication of data on the growth of China's GDP in the second quarter. According to our estimates, the recent rise of the Australian dollar will change to decline in the near future.