Latest data released by Destatis - 9 April 2018

  • Prior +€17.4 bn; revised to +€17.3 bn
  • Current account balance +€20.7 bn vs +€22.9 bn expected
  • Prior +€22.0 bn; revise to +€20.3 bn
  • Exports m/m -3.2% vs +0.4% expected
  • Imports m/m -1.3% vs +0.5% expected

Lower surplus than expected, as both exports and imports declined heavily over the month - exports more so. The soft patch for German data continues.

But the trade surplus grew compared to the prior month. Nothing else to gather from the report.

EUR/USD holds steady at 1.2278, EUR/GBP at 0.8711, EUR/CHF at 1.1783. All little changed on the day.