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Unexpected Chinese Trade Surplus Makes Yuan Stronger

March 8, 2013 at 13:28 by Vladimir Vyun

A fan of 50-yuan billsThe Chinese yuan appreciated today as the nation’s trade balance posted an unexpected surplus, improving the market sentiment and increasing the appeal of China’s assets.

According to the Customs General Administration of China, China’s trade balance posted a surplus of $15.3 billion in February after demonstrating a surplus of $29.2 billion in the previous month. Traders counted on a deficit of $8.8 billion. It was a nice surprise and the yuan reacted positively to the news.

USD/CNY fell 0.06 percent to 6.2163 as of 13:22 GMT today.

If you have any questions, comments or opinions regarding the Chinese Yuan, feel free to post them using the commentary form below.

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