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China trade data for the combined January - February months (these two months are combined to account for the disruption over the long and moveable Lunar New Year holidays):
Trade balance is a surplus of US$170.5bn
Exports +2.3% y/y
- expected +5.0% prior +10.7%
Imports -8.4% y/y
- expected +1.0%, prior +1.0%
The results are further weighing on AUD, which has been heavy today.
