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Robust Chinese Trade Data Supports Commodity Currencies

posted by Avatar wisaac 808 days ago in USD, EUR, Trade

According to the Chinese General Administration of Customs, imports into China have surged almost 44.7% from levels seen one year ago, while exports are up 45.7%. Furthermore, the Chinese Trade Balance for last month was USD 7.6 billion. This news saw commodity currencies well bid, putting the USD and EUR on their heels.
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