Saturday, October 10, 2015

Chinese data starting to come through - TDS

FXStreet (Guatemala) - China is back in the picture after taking a long holiday and now the data will start coming through as of next week. Analysts at TD Securities noted the China September Trade on 13 Oct:

Key Quotes:

"August was a shocking trade month in China, with imports down 7.1% m/m (sa) in the month.

A rebound in September is likely, after a few one-offs dampened August, so we look for exports growth to ease to -4.1% y/y and imports to be also trimmed to -12.4% y/y, more optimistic than consensus. Note that Chinese trade data will soon only be released in CNY terms, leaving forecasts with a bit more than the usual degree of uncertainty."
For more information, read our latest forex news.

No comments:

Post a Comment