Forex: Aussie picking up; China trade exports/imports surge YoY
China trade balance came in showing solid numbers all around. The trade balance for January stood at $29.15 billion vs $24.7 billion consensus and $31.6 billion in the prior month. Chinese exports went up by 25% on a yearly basis in January, which make sit the largest rise since April 2011. Imports were also up 28.8% vs 23.5% expected and 6.0% previously.