• EUR +16.6 bln prev revised up from +16.5bln
  • current account EUR+21.7 bln vs +14.05 bln exp vs +17.2bln prev revised up from +15.0 bln
  • exports mm SA +4.7% vs +0.6% exp vs +0.9% prev
  • imports -1.8% vs +0.2% exp vs +4.5% prev

Stronger than expected trade data but weaker imports suggest more sluggish domestic demand

EURUSD 1.2936 dragged down to session lows by GBPUSD selling still

German trade balance mm

German trade balance mm