Chinese trade data is the focus of this session’s data calendar. Exports have improved, but estimates for March are for a year-on-year decline. China’s economy is showing signs of improvement, but the People’s Bank of China remains very nervous about easing pressure on the yuan. Yesterday, the Bank pegged USD/CNY at its largest deviation from the model estimate on record (dating back to 2018). Of course, the weakness is more pronounced against the US dollar, which has been extremely strong across the board.
This snapshot of the ForexLive economic data calendar, access it here.
Times in the leftmost column are GMT.
The numbers in the rightmost column are the “previous” result (previous month/quarter as applicable). The number in the column next to it, where there is a number, is the expected consensus median.
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