China’s March trade data (Yuan terms): A big beat, but imports ease

China's trade balance for March, in Yuan terms, came in at +164.3 billion CNY vs 75.80 bn expected and -60.36 bn last. Exports came at 22.3% y/y vs 8% expected and 4.2% last, while imports were +26.3% y/y vs 15.0% expected and 44% last.

The data is a positive input for the Aussie, adding the optimism built by solid Aus jobs report.