
The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!
In September, China's imports and exports inched up at a faster tempo than in the previous month, thus hinting that the world's number two economy is still extending at a healthy clip notwithstanding numerous forecasts of an eventual slowdown.
Imports in greenback-denominated terms tacked on 18.7% in September from 2016, surpassing experts’ estimates for a 13.5% expansion and speeding up from 13.3% in August, as customs data disclosed on Friday.
The revenue appeared to be firmer than the most optimistic estimates in a Reuters analysts survey.
Exports edged up 8.1% versus estimates of 8.8%, although surpassing August's 5.5%.
The firm September readings are going to be welcome news for China ahead of a crucial political leadership reshuffle next week, suggesting that President Xi Jinping will further tighten his grip on power.
China's imports were mainly led by industrial resources because a year-long construction boom offers no signs of flagging, spurring demand for materials from copper to steel.
The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!
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Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!
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