BOSSA.CZ (BOSSA.CZ)
Currencies  |  March 08, 2013 08:40:00

AUD / USD reacts to data from China


iPoint.cz Chinese exports significantly strengthened in February and exceeded almost double market expectations. Bad news to the contrary recorded import, which greatly decreased. Exports in February grew by 21.8 percent compared to February 2012. Combined results for January and February, exports increased by a staggering 23.6 percent. Experts assess the two months together, to celebrate the Lunar New Year in late January and February. Exports to the U.S. was the most powerful in the past year and trade with the euro area reached the 18-month maximum. Import to China dropped by 15.2 percent compared to February 2012 and reached 13měsíčního lows. The trade balance surplus and ended 15.3 billion.

The Australian dollar, which is sensitive to data from China responded weakening. AUD / USD could not sustain the resistance 1.0265 and created imaginary double peak, which could send him back today in the decreasing trend channel. Important for further development will puncture Reviews Support 1.0240.

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