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China May trade data, USD terms exports and imports both fell y/y.

China May trade data is disappointing, especially for exports. For May, in US dollar terms:Exports -7.5% y/yexpected -0.4%, prior +8.5%Imports -4.5% y/yexpected -8.0%, prior -7.9%In yuan terms (the yuan is sliding, cushioning the blow):Exports -0.8%expected +9.9%, prior +16.8%Imports +2.3%expected 4.2%, prior -0.8%---For the YTD, in USD terms:Exports +0.3%imports -6.7% For the YTD in yuan terms:Exports -0.8% y/yimports +0.5% y/y This article was written by Eamonn Sheridan at www... Read More

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Content Topics

China

Trade

Data

Terms

Exports

Imports

Both

Fell

Forex

Posted: Jun 7 2023, 03:04

Author Name: forexlive

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