The Chinese yuan was little changed on Thursday in Asia even after custom data showed a better-than-expected trade numbers in January, as analysts warned the presence of business distortions due to national holidays and cyclical trends.<\/p>\n
The\u00a0<\/span>USD\/CNY<\/a><\/span>\u00a0<\/span>pair last traded at 6.7615 by 12:01 AM ET (05:01 GMT), up 0.04%.<\/p>\n January\u00a0<\/span>exports<\/a><\/span>\u00a0<\/span>unexpectedly grew 9.1% from a year earlier, beating the expectation of a 3.2% drop, data from China\u2019s General Administration of Customs showed on Thursday.<\/p>\n Imports<\/a><\/span>\u00a0<\/span>also only fell 1.5%, much less than the expected 10% fall and narrowing from December\u2019s 7.6% drop.<\/p>\n That left the country with a\u00a0<\/span>trade surplus<\/a><\/span>\u00a0<\/span>of $39.16 billion for the month, better than forecasts of $33.5 billion.<\/p>\n The data seemed to have little impact on Chinese stocks and the yuan today. Some analysts cautioned that data published in the first months of the year must be treated with caution, as they generally looked better due to seasonal factors and business distortions caused by the long Lunar New Year holidays.<\/p>\n Looking ahead, investors will likely focus on the outcome of the latest round of trade negotiations with the U.S., which is scheduled to conclude on Friday in Beijing.<\/p>\n Meanwhile, the\u00a0<\/span>U.S. dollar index<\/a><\/span>\u00a0<\/span>that tracks the greenback against a basket of other currencies slipped 0.1% to 96.893.<\/p>\n The Labor Department said on Thursday its\u00a0<\/span>consumer price index<\/a><\/span>\u00a0<\/span>was flat for January, after edging up 0.1% in the prior month. But core CPI, which excludes food and energy, rose 2.2% for the year through January, above forecasts for a 2.1% increase.<\/p>\n Elsewhere, the\u00a0<\/span>Australian dollar<\/a><\/span>\u00a0<\/span>was up 0.5% against the U.S. dollar, having gained about 0.5% in the previous session on optimism about the China-U.S. trade talks.<\/p>\n The\u00a0<\/span>NZD\/USD<\/a><\/span>\u00a0<\/span>pair extended its rally and gained 0.6% after the Reserve Bank of New Zealand adopted a less dovish line on policy on Wednesday.<\/p>\n","protected":false},"excerpt":{"rendered":" The Chinese yuan was little changed on Thursday in Asia even after custom data showed a better-than-expected trade numbers in January, as analysts warned the presence of business distortions due to national holidays and cyclical trends. The\u00a0USD\/CNY\u00a0pair last traded at 6.7615 by 12:01 AM ET (05:01 GMT), up 0.04%. January\u00a0exports\u00a0unexpectedly Read more<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[9,10,1],"tags":[],"class_list":["post-1242","post","type-post","status-publish","format-standard","hentry","category-homepage","category-latest-news","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts\/1242","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/comments?post=1242"}],"version-history":[{"count":1,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts\/1242\/revisions"}],"predecessor-version":[{"id":1243,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts\/1242\/revisions\/1243"}],"wp:attachment":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/media?parent=1242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/categories?post=1242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/tags?post=1242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}