China June trade balance $42.44b surplus vs 40.8b prior, Exports rose 9.0% yoy vs 8.7% prior while Imports +13.1% vs 14.8% prior.

 

AUD$ up slightly on the back of this data currently trading around 0.7680, look to retest 0.7715 high seen last week.

 

Earlier, Bank of Korea left rate unchanged at 1.25%, statement says 2017 GDP growth to be higher than previous 2.6% projection.