China Q1 current account surplus flash USD 19bln

Chinese Q1 current account flash data now published by SAFE 8 May

• Q1 capital and financial deficit USD 19bln

FX regulator SAFE says:

• economic growth more stable
• China's international payments backed by sound economy
• Q1 international payments basically balanced

So it would appear.

Meanwhile EURUSD near session lows again around 1.0964 after failing into 1.1000. EURJPY down to 123.52. EURGBP testing 0.8450

I said earlier to expect good two-way business until levels breached and so it's proving so far.