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Yuan Holds Losses After Trade Data

CNH

Yuan holds its losses after trade data, exports and imports missed estimates though both still rose at a decent clip. The trade surplus widened more than expected in yuan terms but missed estimates in USD terms.

  • In USD terms exports missing broader expectations by a wider margin that imports. The CNY side of the data saw a slightly wider than expected trade surplus, with exports missing broader expectations by a slimmer margin than imports.

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