China Exports (YoY) came in at -2.3%, above forecasts (-8%) in December

China December trade balance came at a surplus of 382.05 bn yuan vs 338.8bn expected, with exports YoY at +2.3% vs -4.1% expected and -3.7% last, while imports YoY saw -4% vs -7.9% expected and -5.6% last. The data is yet another encouraging sign that should underpin riskier assets, including AUD, NZD, equities, while the Yen and the Euro (funding currencies) should come under increased pressure.