China published August trade balance data over the weekend, that Reuters headline is the key takeaway for markets
- China's trade surplus with the United States widened to a record in August even as the country's export growth slowed slightly, an outcome that could push President Donald Trump to turn up the heat on Beijing in their cantankerous trade dispute.
More for the tweeter in chief to get riled up about:
- Over the first eight months of the year, China's surplus with its largest export market has risen nearly 15 percent, adding to tensions in the trade relationship between the world's two largest economies.
Here is the link to the Reuters rundown :
- "There is still an impact from front-loading of exports, but the main reason (for still-solid export growth) is strong growth in the U.S. economy," said Zhang Yi, an economist at Zhonghai Shengrong Capital Management.
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ps If you haven't already check out Greg's video on It's all about anticipation ...
- Think of any profession, and the best are anticipating. Trading is no exception.
And have a think about the anticipation you have been reading on ForexLive for months and months (since February when Ross first raised the tariff issue on China) about the trade war escalating and, specifically, its impact on the AUD … which incidentally set another new low on Friday (for this cycle). FX is not easy, but sometimes its way easier than others, especially with the good anticipation info you get here.
