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China trade balance eyed - Westpac

FXStreet (Bali) - Sean Callow, FX Strategist at Westpac, reviews the Asian calendar ahead, highlighting the Chinese trade balance as the main event.

Key Quotes

"China’s Sep trade data is the main regional release (1pm Syd/10am local). The surplus is expected to remain very large, though down on Aug, $41bn versus $49.8bn. Exports are seen up 12% y/y from 9.4% y/y in Aug but much of the surplus is due to weak commodity prices cutting import prices, with the value of imports expected around -2% y/y, after -2.4% y/y in Aug."

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