Back
13 Apr 2015
China Mar trade balance eyed - Westpac
FXStreet (Bali) - Sean Callow, FX Strategist at Westpac, notes a quiet calendar today, with China Mar trade balance as the main event, with a busy week ahead.
Key Quotes
"The highlight in Asia is the China Mar trade balance. There is no fixed time for the release, though in the past few months this has come out at around 10-11am Beijing (12-1pm Syd), with CNY and USD amounts reported separately. Jan-Feb showed very large surpluses, import bills slashed as prices fell. The market median forecast is US$40.1bn after the previous $60.6bn. We will also have an update on iron ore imports at the same time as the headline. India Mar CPI will also be released."
Key Quotes
"The highlight in Asia is the China Mar trade balance. There is no fixed time for the release, though in the past few months this has come out at around 10-11am Beijing (12-1pm Syd), with CNY and USD amounts reported separately. Jan-Feb showed very large surpluses, import bills slashed as prices fell. The market median forecast is US$40.1bn after the previous $60.6bn. We will also have an update on iron ore imports at the same time as the headline. India Mar CPI will also be released."