China August trade data, Exports -8.8% y/y (expected -9.2%) & Imports -7.3% (exp -9.0%)

<p>China August trade data in both USD and CNY terms in the screenshot below. </p><p>For the period January – August (that is, YTD):</p><ul><li>USD denominated exports are down 5.6% y/y and imports are down 7.6% y/y</li><li>in CNY terms for the YTD exports +0.8% (a falling currency helping) and imports -1.3%</li></ul><p>Another poor report on trade from China. If there is a bright side its that the published numbers are better than those expected.</p><p>USD/CNH is little changed circa 7.3250.</p>

This article was written by Eamonn Sheridan at www.forexlive.com.