Both currencies were weak leading into Monday however China’s weaker than expected Trade Balance data sent both currencies sharply lower on Monday. China’s Trade Balance data showed imports dropped 6.7%, which compared with forecasts of 3.8%. Exports only rose 4.7% compared to the expected 8%.
China recently lowered its official cash rate and with commodity prices at extremely low levels, China’s Trade Balance data weakening.
LTG GoldRock Inner Circle Members received the full review in this morning's GoldRock Insider Report.
No comments:
Post a Comment