China Fixes Yuan At Strongest Since March As Trade Surplus Hits Record Highs

Chinese imports and exports dramatically missed expectations this evening but it is imports that was thereal driver that pushed the trade surplus to $54.47 billion (higher than the $43.95 billion expected) record highs. Exports rose just 4.7% YoY (against expectations of an 8.0% rise and previous 11.6% rise) for the slowest growth since April. Imports utterly collapsed; plunging 6.7% YoY (against expectations of a 3.8% rise and prior 4.6% YoY rise). This is the biggest drop since March and 4th largest plunge since Aug 2009. Of course, in any real world this means 'the rest of the world' should be suffering from huge drops in exports... but we are sure, by the magic of fradulent invoicing that will not be the case. The PBOC may have got a glimpse and fixed CNY at its strongest since March and highest premium to the market since August.

Both imports and exports miss dramatically

Pushing the trade surplus to record highs...

PBOC fixed the Yuan at its strongest against the USDollar since
March as the market's view of USDCNY started to rapidly weaken...

Comments

[Bill of Rights]

Fixed sounds so transparent...

[old naughty]

...until you "see" lower imports reported.

[thenextboy]

my best friend's mother makes $82 /hr on the internet . She has been without work for five months but last month her pay check was $20842 just working on the internet for a few hours. browse around this website... www.yelptrade.com

[Bopper09]

I make money on the internet too!  I type huge numbers on the computer, send those number to my buddies on wall street, and lie to 320 million people so they send their computer numbers to us too!  Somehow all these idiots actually believe that we're all getting digitally wealthy!  Woop Woop!  Print fucking more!

I actually was going to be fiscally responsible for them, and get rid of their debt, but then thought, why would I reward a nation of people so fucking stupid?  They actually believe this shit.  I'll just trade thier computer numbers for something of worth, and get out before it all ends.  Fuck 'em.

www.us.guberment

[NDXTrader]

And Shanghai goes from down 1.5% to green. Strange world we live in

[Yen Cross]

Man, those numbers out of Japan earlier were fucking brutal! I see long steamed rope in Abe and Kurodas' futures.

    JPY         GDP (YoY) (Q3)     -1.9%     -0.5%     -1.6%      
      JPY         GDP (QoQ) (Q3)     -0.5%     -0.1%     -0.4%      
       JPY         GDP Capital Expenditure (QoQ) (Q3)     -0.40%     0.80%     -0.20%      
      JPY         GDP Price Index (YoY)     2.0%     2.1%     2.1%    

[QQQBall]

lower crude prices?

[bid the soldier...]

I love the smell of fraudulent invoicing in the morning

I wonder wonder who, oouu who
Who wrote the book of fraudulent invoices

Tell me, tell me, tell me
Oh who wrote the book of fraudulent invoices

I've got to know the answer
Was it just moar Hobson Choices

 
I  wonder wonder who, be-do-do who
Who wrote the book of fraud

Tell me tell me baby was it Mossad                    Or are we hoist on our own petard