Good morning, afternoon or evening to all ForexLive traders and welcome to the start of the new FX week!
As is usual for a Monday morning, market liquidity is very thin until it improves as more Asian centres come on online … prices are liable to swing around on not too much at all, so take care out there. Only some small change from late Friday levels:
- EUR/USD 1.1915
- USD/JPY 108.38
- GBP/USD 1.3831
- USD/CHF 0.9297
- USD/CAD 1.2654
- AUD/USD 0.7689
- NZD/USD 0.7162
Be back soon with weekend news. ICYMI:
Also, out over the weekend was China’s trade balance for February … hold onto your hats for the exports number!
USD terms Exports YTD are up 60.6% y/y (expected was +40%)
- in yuan terms +50.1%
USD terms Imports YTD +22.2% y/y (expected +16%)
in yuan terms +15.4%
January and February have been reported together as ‘YTD’ to help account for the variable timing of Lunar New Year each year.