Eurozone June current account report now out 18 Aug

  • prev revised up from EUR 30.1bln
  • NSA EUR 28.1bln vs 17.9bln prev revised down from 18.3bln

Reduced surplus with rolling 12-month surplus easing to 3.1% of GDP vs 3.5% in 2016, confirming the ECB's expectation of a narrowing gap in 2017 to 2.8% of GDP.

The Current Account index measures the difference in value between exported and imported goods, services and interest payments during the reported month. The goods portion is the same as the monthly Trade Balance figure

Not prime moving data generally but all part of the mix so posting for info.

EURUSD retreat continues at 1.1730 ( I did say sellers lurking in my order board post) with EURGBP lower too but GBPUSD also giving up on 1.2900 again.

Eurozone c-a mm