OctaFX | OctaFX Forex Broker
Open trading account
Back

China: Larger than expected November trade surplus - BBH

Analysts at BBH note that China reported a larger than expected November trade surplus bolstered by a surge in exports.  

Key Quotes

“The $40.2 bln trade surplus is the largest in three months and is about $5 bln more than expected.  The average monthly surplus this year through October had been $33.6 bln.  Last year's monthly average was $42.5 bln.”  

“Exports rose 12.3% year-over-year, up from 6.8% in October, and defying expectations for a decline.  Imports rose 17.7% year-over-year, up from 17.2% in October.  Economists had expected imports to have slowed.  China recently announced some tariff reductions.  China's commodity imports surged, with natural gas and copper jumping to record levels.  Crude oil imports are up 12% through November this year.”  

JPY: Weakness in play – BBH

The yen is the weakest of the major currencies today, easing around 0.4% and for the week, it is off 1.2%, notes the research team at BBH.   Key Quot
Read more Previous

GBP/USD tumbles to 1.34 neighborhood and rebound, NFP in focus

   •  Fails to gain traction beyond 1.35 mark.     •  Latest Brexit headlines aggravate profit-taking slide.    •  US NFP report will be looked for
Read more Next
Start livechat