{"id":105802,"date":"2020-10-13T15:30:18","date_gmt":"2020-10-13T14:30:18","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=105802"},"modified":"2020-10-13T15:30:18","modified_gmt":"2020-10-13T14:30:18","slug":"104530-aud-looks-past-chinese-trade-data-to-us-election","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104530-aud-looks-past-chinese-trade-data-to-us-election\/","title":{"rendered":"AUD Looks Past Chinese Trade Data To US Election"},"content":{"rendered":"<p><strong>The Australian Dollar holds steady above key support even as China\u2019s trade balance surplus unexpectedly narrows in September.<\/strong><\/p>\n<p><strong>The US presidential elections is key to deciding where US-China relations go and therefore the long-term outlook for risk-sensitive assets.<\/strong><\/p>\n<p><strong>Joe Biden\u2019s lead in the polls could underpin market sentiment as investors price in a calmer US &#8211; Sino relationship.<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">The Australian Dollar trades in narrow range despite China\u2019s trade balance surplus unexpectedly shrinking in September. Exports rose by 9.9% (est. 10%) and imports surged 13.2% (est. 0.4%) YoY.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Whilst the trade surplus missed forecasts by a long shot, this was due to a surge in imports, which indicates that China\u2019s economic recovery is strong enough to have seen domestic demand jump\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The fact that the AUD hardly reacted suggests that attention has already swung towards US Presidential Elections and the winner defining the longer term outlook to US \u2013 Sino relations and the long-term outlook for risk-sensitive assets.<\/span><\/p>\n<p><strong>US PRESIDENTIAL ELECTIONS TO DICTATE RISK APPETITE<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">Polling data could exert more of an influence as the US elections on 3rd November draw closer. Investors are interested as to what the result will mean for the ongoing trade war with China and the risk-on, risk-off dynamic\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Since January of 2018 President Trump has applied tariffs and other barriers on China in an attempt to reduce the United States\u2019 ballooning trade deficit and promote domestic manufacturing industry.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, instead 300,000 Americans have lost their jobs and $1.7 trillion has been wiped off the stock prices of US companies owing to tariffs imposed on Chinese imports, according to Federal Reserve Bank of New York research.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Moreover, in early 2019 &#8211; the middle of the trade war &#8211; the deficit was at its widest level in over 10 years despite Trump&#8217;s efforts to reduce it. The deficit did narrow between 2019 and 2020, only to sharply increase amid the coronavirus pandemic.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Australian Dollar holds steady above key support even as China\u2019s trade balance surplus unexpectedly narrows in September. The US presidential elections is key to deciding where US-China relations go and therefore the long-term outlook for risk-sensitive assets. Joe Biden\u2019s lead in the polls could underpin market sentiment as investors price in a calmer US [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":3625,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1547,1381],"tags":[1540,3318],"class_list":{"0":"post-105802","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-aud","8":"category-usd","9":"tag-aud","10":"tag-usd-aud-usd"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>AUD Looks Past Chinese Trade Data To US Election - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/104530-aud-looks-past-chinese-trade-data-to-us-election\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104530-aud-looks-past-chinese-trade-data-to-us-election\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104530-aud-looks-past-chinese-trade-data-to-us-election\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"AUD Looks Past Chinese Trade Data To US Election\",\"datePublished\":\"2020-10-13T14:30:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104530-aud-looks-past-chinese-trade-data-to-us-election\\\/\"},\"wordCount\":317,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104530-aud-looks-past-chinese-trade-data-to-us-election\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100056-aud-gbp-down-china-credit.jpg\",\"keywords\":[\"aud\",\"USD AUD\\\/USD\"],\"articleSection\":[\"AUD\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104530-aud-looks-past-chinese-trade-data-to-us-election\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104530-aud-looks-past-chinese-trade-data-to-us-election\\\/\",\"name\":\"AUD Looks Past Chinese Trade Data To US Election - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104530-aud-looks-past-chinese-trade-data-to-us-election\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104530-aud-looks-past-chinese-trade-data-to-us-election\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100056-aud-gbp-down-china-credit.jpg\",\"datePublished\":\"2020-10-13T14:30:18+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104530-aud-looks-past-chinese-trade-data-to-us-election\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/104530-aud-looks-past-chinese-trade-data-to-us-election\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104530-aud-looks-past-chinese-trade-data-to-us-election\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100056-aud-gbp-down-china-credit.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100056-aud-gbp-down-china-credit.jpg\",\"width\":800,\"height\":405,\"caption\":\"gbp-aud-bank-notes\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104530-aud-looks-past-chinese-trade-data-to-us-election\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"AUD Looks Past Chinese Trade Data To US Election\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\",\"name\":\"Currency Live\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/currencylive.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\",\"name\":\"Fiona Cincotta\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"caption\":\"Fiona Cincotta\"},\"description\":\"Editor - Senior Financial Market Analyst Through over a decade\u2019s experience analysing and reporting on global currency markets, Fiona has a gained a deep understanding of the fundamental drivers of currencies. She is regularly quoted by international news organisations including Financial Times, Reuters and Bloomberg. Fiona is a familiar face after years of appearances on BBC, Sky News and Fox Business News.\",\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/in\\\/fiona-cincotta-bb4a4845\\\/\"],\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/author\\\/fiona-cincotta\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"AUD Looks Past Chinese Trade Data To US Election - Currency Live","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/currencylive.com\/news\/104530-aud-looks-past-chinese-trade-data-to-us-election\/","twitter_misc":{"Written by":"Fiona Cincotta","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/104530-aud-looks-past-chinese-trade-data-to-us-election\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/104530-aud-looks-past-chinese-trade-data-to-us-election\/"},"author":{"name":"Fiona Cincotta","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"headline":"AUD Looks Past Chinese Trade Data To US Election","datePublished":"2020-10-13T14:30:18+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/104530-aud-looks-past-chinese-trade-data-to-us-election\/"},"wordCount":317,"image":{"@id":"https:\/\/currencylive.com\/news\/104530-aud-looks-past-chinese-trade-data-to-us-election\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100056-aud-gbp-down-china-credit.jpg","keywords":["aud","USD AUD\/USD"],"articleSection":["AUD","USD"],"inLanguage":"en-US","copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/104530-aud-looks-past-chinese-trade-data-to-us-election\/","url":"https:\/\/currencylive.com\/news\/104530-aud-looks-past-chinese-trade-data-to-us-election\/","name":"AUD Looks Past Chinese Trade Data To US Election - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/104530-aud-looks-past-chinese-trade-data-to-us-election\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/104530-aud-looks-past-chinese-trade-data-to-us-election\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100056-aud-gbp-down-china-credit.jpg","datePublished":"2020-10-13T14:30:18+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/104530-aud-looks-past-chinese-trade-data-to-us-election\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/104530-aud-looks-past-chinese-trade-data-to-us-election\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/104530-aud-looks-past-chinese-trade-data-to-us-election\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100056-aud-gbp-down-china-credit.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100056-aud-gbp-down-china-credit.jpg","width":800,"height":405,"caption":"gbp-aud-bank-notes"},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/104530-aud-looks-past-chinese-trade-data-to-us-election\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"AUD Looks Past Chinese Trade Data To US Election"}]},{"@type":"WebSite","@id":"https:\/\/currencylive.com\/news\/#website","url":"https:\/\/currencylive.com\/news\/","name":"Currency Live","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/currencylive.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec","name":"Fiona Cincotta","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","caption":"Fiona Cincotta"},"description":"Editor - Senior Financial Market Analyst Through over a decade\u2019s experience analysing and reporting on global currency markets, Fiona has a gained a deep understanding of the fundamental drivers of currencies. She is regularly quoted by international news organisations including Financial Times, Reuters and Bloomberg. Fiona is a familiar face after years of appearances on BBC, Sky News and Fox Business News.","sameAs":["https:\/\/www.linkedin.com\/in\/fiona-cincotta-bb4a4845\/"],"url":"https:\/\/currencylive.com\/news\/author\/fiona-cincotta\/"}]}},"jetpack_featured_media_url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100056-aud-gbp-down-china-credit.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/105802","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/users\/163946597"}],"replies":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/comments?post=105802"}],"version-history":[{"count":1,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/105802\/revisions"}],"predecessor-version":[{"id":105803,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/105802\/revisions\/105803"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/3625"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=105802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=105802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=105802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}