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10 Jul 2013
Flash: China trade balance with plenty of scope to surprise - Westpac
FXstreet.com (Barcelona) - China’s Jun trade data will dominate the regional data calendar, with the release scheduled at 1.30GMT, although not always right on time, notes Sean Callow, FX Strategist at Westpac.
Callow adds: "The crackdown on fraudulent invoicing in May slashed export growth to just 1% y/y from 14.6% in April. Consensus is 3.7% y/y on Jun exports, 6% y/y on imports but with plenty of scope to surprise (unlike e.g. GDP, due Mon)."
Callow adds: "The crackdown on fraudulent invoicing in May slashed export growth to just 1% y/y from 14.6% in April. Consensus is 3.7% y/y on Jun exports, 6% y/y on imports but with plenty of scope to surprise (unlike e.g. GDP, due Mon)."