Economic calendar in Asia Friday, 12 April 2024 – China trade data

Chinese trade data is the focus for the data calendar this session. Exports have been improving, but the estimate for March is for a drop y/y. The Chinese economy has been showing signs of improvement, but the People’s Bank of China is still very nervous about the weakening pressure on the yuan. Yesterday the Bank set USD/CNY at its biggest discrepancy to the model estimate on record (going back to 2018). Of course, the weakness is most pronounced against the USD, its been super strong pretty much across the board.

This snapshot from the ForexLive economic data calendar, access it here.

The times in the left-most column are GMT.

The numbers in the right-most column are the ‘prior’ (previous month/quarter as the case may be) result. The number in the column next to that, where there is a number, is the consensus median expected.

This article was written by Eamonn Sheridan at www.forexlive.com.