FX BANK FORECAST · COVERAGE
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Live cross-firm bank consensus across 30 desks — FX, oil & gold
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https://think.ing.com/snaps/chinas-trade-growth-hits-highest-level-since-2021/
China's June trade data smashed expectations, with exports surging 27.0% YoY and the trade surplus hitting $125.62bn, the highest since January 2025. The tech boom, led by semiconductors and autos, drove a 52.2% rise in hi-tech exports. Per the full note [source], this outpaces all market forecasts and reinforces China's export dominance. The data supports a bullish view on CNH and regional FX, though oil import weakness and US slowdown warrant caution.