China October exports -6.4% y/y (expected -3.3%) & imports +3% y/y (expected -4.8%)

<p>The big beat for imports is a positive for China proxy trades such as AUD. It argues the economy is showing better signs of improvement and thus sucking in imported goods.</p><p>Exports disappointing does take some of the gloss off, there is still a ways to go for quicker economic recovery. </p>

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