German trade balance july: EUR 14.5 bln vs 16.1 bln exp

• 15.8 bln prev revised down from 15.7 bln
• exports m/m sa -1.1% vs +0.8% exp +0.6% prev
• imports m/m sa +0.5% vs +0.9% exp -1.0% prev revised down from -0.8%

EURUSD a little lower at 1.3125 on the worse than expected data