China’s exports imports fell in March | Forex Signals by FxPremiere.com
- China’s exports fell 6.6% in March from a year ago, while imports slipped 0.9% in the same month, data from the General Administration of Customs showed on Tuesday.
Earlier this year, China reported combined trade data for the months of January and February.
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The China-U.S. phase one trade agreement is gradually being implemented, said Li Kuiwen, spokesperson for the General Administration of Customs, according to a CNBC translation of his Mandarin-language remarks at a press conference.
Dollar inches lower as investors brace for Chinese trade data
The Australian and New Zealand dollars held on to overnight gains but so did the safe-haven Japanese yen, highlighting investor uncertainty about the outlook.
That is only likely to heighten investors nerves ahead of the start, later on Tuesday, of a dour U.S. earnings season, beginning with J.P. Morgan (N:JPM) and Wells Fargo (N:WFC).
Though volatility-boosted trading earnings may deliver a silver lining for the banks, earnings for S&P 500 firms are expected to tumble 10.2% in the first quarter, compared with a Jan. 1 forecast of a 6.3% rise.Better Still Sign Up For our FX Signals DailyRead more on Forex News TodayDownload our Forex Signals APP