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Chinese crude oil imports from Russia hit record highs in April - China customs Dhwani Mehta

09:23 23 May /2016 Forex

China customs published their latest oil price report, revealing that the Chinese crude imports from Russia hit record highs on daily basis in April.

Key Findings:

+52.4% yy at 1.18m bpd vs prev record 1.13m bpd in Dec

April crude oil imports from Iran down 5.13% yy at 671,176bpd

Imports from Saudi Arabia down 21.8% yy at 1.0m bpd

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Australian Oct trade position was materially weaker than expected - Westpac

Andrew Hanlan at Westpac notes his afterthoughts following the release of Australian trade deficit figures, which disappointed widening by $0.2bn to $1.5bn. Exports came in at +1.4%, while imports at+2.3%.Key Highlights:For October, the trade position was materially

05:00 08 December /2016 Forex

New Zealand BPS – “Surprise” is in bond buying program – ANZ Research

ANZ Research takes note of the surprise offered by the New Zealand budget statement in its report on ‘2016 Half-Year Economic and Fiscal Update (HYEFU) and 2017 Budget Policy Statement (BPS).Key quoteAlthough most (including us) assumed the hit from the Kaikoura quake would lead to

05:00 08 December /2016 Forex

NZD/USD peeps above 0.72 after Fonterra boosts payout forecast

The NZD / USD rose to an Intraday high of 0.7211 after reports hit the wires that Fonterra has boosted the forecast payout to farmers by 50 cents to $6.40 a kilo of m

04:46 08 December /2016 Forex