Versus median forecast of +1.5 bln. Exports rose 23% from year earlier, with imports up an even heftier 30%.

The market liked the surge in imports, seeing it as a signal of rising domestic demand.

EUR/USD been as high as 1.2980 in wake of data, presently at 1.2972.

Sell orders seen 1.2990 thru 1.3020.