OctaFX | OctaFX Forex Broker
Open trading account
Back

China: Trade surplus for Sep remained near record levels - TDS

FXStreet (Delhi) – Prashant Newnaha, Rates Strategist at TD Securities, notes that the Chinese trade surplus for posted surged to near record levels of US$60b as exports continue to paint strong picture.

Key Quotes

“In USD terms, exports jumped +4%/m (-3.7%/yr), while imports fell for the third month, -3.1%/m, to be 20.4% down on the year (base effect at play here given Sep ‘14 saw imports at near record levels). In terms of breakdowns, exports to the US and Europe picked up. Iron ore imports reached record highs in volume terms while imports of coal and copper picked up. Lets see whether this demand for commodities is sustained into Q4.”

ECB ready to do more to achieve its mandate – ECB’s Mersch

Speaking at an MNI Connect event in Singapore on Tuesday, the European Central Bank (ECB) executive board member Yves Mersch told the audience that it’s too soon to judge whether the external headwinds will hamper central bank’s long-term inflation mandate.
Read more Previous

EUR/GBP in highs near 0.7420, UK data eyed

The better tone around the single currency is helping EUR/GBP to clinch the upper bound of the daily range near 0.7420...
Read more Next
Start livechat