Hi Guys, Todays economic calendar is quiet for the US dollar because of the Columbus day, for the JPY because of the health-sports day, and for the CAD because of the Thanksgiving day. However, there is something significant for the China. The National Bureau Statistics of China released import and export yearly report. The exports rose to 15.3% missing the 11.8% as expected by analysts. Similarly, a rise in imports is also seen. It jumped to 7% against the -0.24 as projected by analysts. A rise in import is considered good and signifies a better Chinese domestic demand. A rise in both imports and exports created a trade surplus of $31.00B in September below the expected $41.00B. The data shows a moderate economic growth in the China and is considered positive as this moderate growth will benefit both the Asia and the China. Today�s data is expected to exert a positive effect on Australian dollar. Feel free to comment on this latest economic data. Cheers Samina :)....see more details here mt4forum/showthread.php?403
Posted on: Mon, 13 Oct 2014 05:21:37 +0000
Trending Topics
Recently Viewed Topics
© 2015