Analysts at TD Securities explained that the Chinese New Year holidays likely skewed the February data sharply in Trade Balance, Retail Sales, Foreign Reserves and CPI.
Key Quotes:
“We see downside risks to consensus on trade. Retail sales YTD should smooth out the New Year effects, but we wait until March for a cleaner read on activity. Foreign reserves data are likely to have shown a great drawdown in Feb vs Jan, but won’t be as hotly anticipated as last month. Upside risks to CPI.”
(Market News Provided by FXstreet)