China's Trade Balance for October, in Chinese Yuan (CNY) terms, came in at CNY679.1 billion, expanding from the previous figure of CNY582.62 billion.
China 's Trade Balance for October, inChinese Yuan terms, came in at CNY679.1 billion, expanding from the previous figure of CNY582.62 billion. Exports jumped by 11.2% YoY in October vs. 1.6% in September. The country’s imports dropped by 3.7% YoY in the same period vs. +0.7% registered previously. InUS Dollar terms, China ’s trade surplus unexpectedly widened in October. Trade Balance came in at +95.27B versus +75.1B expected and +81.71B previous. Exports : 12.7% vs. 5.0% expected and 2.
The main goal of the RBA is to maintain a stable inflation rate of 2-3% by adjusting interest rates up or down. Relatively high interest rates compared to other major central banks support the AUD, and the opposite for relatively low. The RBA can also use quantitative easing and tightening to influence credit conditions, with the former AUD-negative and the latter AUD-positive.
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