Chinese Trade Data Beats Expectations | US PPI Data Due
Published February 14, 2019
Chinese trade data was released with stronger export figures. This is the Lunar New Year effect with China’s exports rising 9.1%. Additionally, China’s imports fell 1.5% with an overall trade surplus of $39.16 billion in January.
UK Parliament will hold the latest round of votes on May’s Brexit plan on Thursday. If the Prime Minister loses the non-binding vote it would successfully remove her capacity to renegotiate the divorce deal. This comes as the Bank of England signals looser monetary policy to accommodate the economy in the event of a no-deal.
Economic data out of the US today includes January PPI with a 0.2% core reading expected, as well as December retail sales report and weekly initial jobless claims which is expected to hit 225,000.
USD/CAD is trading flat to start the Thursday session, as the pair is trading at 1.3270. Canada is set to release manufacturing production, with the expectation of a gain of 0.3% after two successive declines.