Last Added

China's exports showed the most rapid decline in the past 7 months in the month of September. With the fact of the global demand of export is weak showed the most severe decline since the month of February, it also increased the pressure on Yuan. When compared to the same month of last year, exports fell about 10% and imports fell about 2%.  On the basis of the Yuan, exports declined by 5.6% while imports rose 2.2%. Foreign trade surplus was determined as 42 billion USD. Many currencies like USD, Australian Dollar and Japanese Yen are losing value after unexpected export data of China. Because, the traders think FED will be cautios while interest increase during this year, so it will cause sales pressure on USD.

Comment Send