Japan's Merchandise Trade Balance Total for January fell by less than expected, printing at ¥-1.75 trillion after an unexpected upswing in Japanese Exports, which rose to a 14-month high of 11.9% YoY versus the forecast decline to 9.5% from the previous period's 9.7% (revised from 9.8%).
New Zealand’s Trade Balance came in at $-13.57B YoY in December versus $-13.90B prior, according to the latest data released by Statistics New Zealand on Monday.
China's Customs is out with the country’s annual exports and imports data for 2023, noting that “China’s 2023 exports and imports of goods are better than expected.” Additional details China 2023 Yuan-denominated exports +0.6% YoY.
The AUD/JPY cross attracts some dip-buying near the 100-hour Simple Moving Average (SMA), around the 97.00 mark, and climbs to a fresh daily peak following the release of Chinese inflation figures.
Australia’s trade surplus widened to 11,437M MoM in December versus 7,500M expected and 7,129M in the previous reading, according to the latest Aussie foreign trade data published by the Australian Bureau of Statistics on Thursday.
The Canadian Dollar (CAD) extended declines on Tuesday, slipping to a new low for the week as market sentiment recoils in the last quarter of the trading day.
The Mexican Peso (MXN) rallied to a fresh 15-week high on Friday as the broader market took one last opportunity to sell off the US Dollar (USD) heading into the extended holiday weekend.
New Zealand's Trade Balance declined more than expected in November after goods exports fell by $337 million, or 5.3%, to $6 billion for the year through November.