Ahead of the release of China’s trade balance data, the General Administration of Customs China (GACC) said that “foreign trade faces instabilities, uncertain factors.”
Additional quotes
Trade growth in May and June reversed declining trend in April.
Foreign trade expected to achieve stable growth.
China H1 exports of agricultural products up 21.7% in yuan terms.
China H1 2022 trade figures: imports are up 4.8% YoY and exports +13.2% YoY, in CNY terms.
Market reaction
At the press time, AUD/USD is flirting with daily highs of 0.6769, up 0.21% on the day.