Latest ECB data now out

  • prev revised up from +€26.4bln
  • NSA +€41.4bln vs +€30.3bln revised up from +€29.8bln
  • combined net direct investment €85bln vs €29.8bln in Nov
  • net portfolio investment €78.3bln vs €30.2bln prev
  • net direct investment inflow €6.7bln vs -0.4bln prev

Softer headline but inflows supporting the euro demand.

EURUSD still treading water around 1.1130 EURGBP also a tad lower at 0.7787 EURJPY 126.61 with demand at 126.50 still holding further falls.