Strong China trade data point to rise in yuan (Reuters)
Chinese exports and imports grew faster than expected in February, underlining the momentum behind the world’s third-largest economy and reinforcing the case for a rise in the yuan.
Soaring China home prices thwart ordinary buyers (AP)
The luxury apartment buildings Yang Xuhua passes on her way to work are a daily reminder of her own frustrated efforts to buy a home. Prices for even modest apartments in Shanghai have soared, putting home purchases out of reach for white collar workers and professionals.
AUD/USD: Trading the Change in Australian Employment (Daily FX)
The labor market in Australia is expected to improve for the sixth consecutive month in February, with economists forecasting employment to expand 15.0K in February, and the data could drive the exchange rate higher as market participants speculate the Reserve Bank of Australia to normalize policy further over the coming months.
