Latest data released by Destatis - 9 October 2018
- Prior €16.5 billion
- Current account balance €15.3 billion vs €16.2 billion expected
- Prior €15.3 billion
- Exports -0.1% vs +0.4% m/m expected
- Prior -0.9%; revised to -0.8%
- Imports -2.7% vs -0.1% m/m expected
- Prior +2.8%
Slight delay in the release by the source. A much larger trade balance surplus than expected but as mentioned in the preview, the highlight is on exports data and once again it missed expectations. Softening export figures are really making for a worrying outlook for the German economy and the latest one here won't do much to help with that.
EUR/USD trades near flat on the day now at 1.1490. EUR/GBP sits in a range at 0.8775 while EUR/JPY is a little lower at 129.96 currently.
