China’s General Administration of Customs earlier reported that January’s trade balance rose to a 27.30 billion surplus from December’s 16.52 billion, well above the consensus call for a decline to 10.40 billion. With China being Australia’s largest export partner, the news struck the AUD/USD pair almost immediately, which fell from a recent 6-month peak of $1.0845 to 1.0715 as of this writing; sentiment on OpenBook favors bulls by a 2-to-1 ratio as traders look to buy at the dip. Read more