The Commercial Balance of China for June, in terms of Chinese Yuan (CNY), stood at 585,960 million CNY, reducing from the previous figure of 743,560 million CNY.
China exports increased by 7.2% year -on -year in June compared to 6.3% in April. The imports of the country grew by 2.3% year -on -year in the same period compared to -2.1% recorded above.
In terms of US dollarChina’s commercial surplus expanded more than expected in June.
The commercial balance stood at +114.77b in front of +109b expected and +103.22b above.
Exports (interannuals): 5.8% vs. 5% expected and 4.8% previous.
Imports (interannuals): 1.1% vs. 1.3% expected and -3.4% previous.
A Chinese customs spokesman said that “exports of the country will continue to advance in the next stage despite the challenges.” He also added that “trade between the United States and China has recently shown signs of recovery.”
Market reaction
At the time of writing, the pair AUD/USD 0.26% is quoted down on the day, operating at 0.6563.
Australian dollar Price today
The lower table shows the percentage of change of the Australian dollar (AUD) compared to the main currencies today. Australian dollar was the weakest currency against the euro.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.07% | 0.11% | 0.04% | -0.04% | 0.03% | 0.27% | -0.05% | |
| EUR | 0.07% | 0.15% | 0.10% | 0.01% | 0.07% | 0.33% | 0.00% | |
| GBP | -0.11% | -0.15% | -0.08% | -0.14% | -0.08% | 0.18% | -0.01% | |
| JPY | -0.04% | -0.10% | 0.08% | 0.05% | -0.00% | 0.30% | -0.03% | |
| CAD | 0.04% | -0.01% | 0.14% | -0.05% | 0.06% | 0.32% | -0.01% | |
| Aud | -0.03% | -0.07% | 0.08% | 0.00% | -0.06% | 0.23% | -0.07% | |
| NZD | -0.27% | -0.33% | -0.18% | -0.30% | -0.32% | -0.23% | -0.32% | |
| CHF | 0.05% | -0.00% | 0.01% | 0.03% | 0.00% | 0.07% | 0.32% |
The heat map shows the percentage changes of the main currencies. The base currency is selected from the left column, while the contribution currency is selected in the upper row. For example, if you choose the Australian dollar of the left column and move along the horizontal line to the US dollar, the percentage change shown in the box will represent the Aud (base)/USD (quotation).
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
