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China posts trade deficit in March

FXstreet.com (Barcelona) - China trade balance showed a surprising deficit of $880 million after analysts called instead for $15.1bln in surplus. While exports missed, imports soared more than expected, leading to the decrease in the balance.

China March imports came at +14.1% on a yearly basis against +6.0% expected, meanwhile, China March exports stood at +10.0% year on year against +11.7% expected.

Forex: AUD/USD strengthens bullish case; 1.0516 new high post China trade

The AUD/USD is soaring from a session low of 1.0473 to just hit its highest since Jan 24 at 1.0516. The China trade balance has been the direct catalyst taking the Aussie higher, as Chinese imports increased above expectations.
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