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China trade way above estimates; massive jump in exports

China trade balance numbers for the month of February came much stronger than expected at +$15.25b vs -$6.9b expected and $29.20b. The increase in exports, up 21.8% (YoY) was the main contributor as only a +10.1% increase was expected, with last read-out at +25.0%. Imports fell by 15.2% vs -8.8% and +28.8% prior, also helping to inflate even more the final trade number. The number is significant as there is no appreciation of holiday's distortion.

China Imports (YoY) decreases to -15.2% in from 28.8%

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Forex: Aussie falling on bad China imports data

Aussie is currently printing fresh session lows at around 1.0250, on the back of bad imports data for China showing a -10% decrease, which is a bad signal for Australia, as China is one of biggest trade partners for Aussie exports. The pair is slightly lower for the session being, while still in the positive for the week, up +0.54%.
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