Latest German data now released

  • +0.5% prev revised up from +0.2%
  • yy WDA +0.1% vs +0.5% exp vs +0.4% prev revised up from 0.0%

Trade Balance Nov EUR +20.6bln vs +20.2bln exp vs +22.3bln prev revised down from +22.5bln

  • current account balance EUR +24.7 bln vs +21.0bln exp vs 22.9bln prev revised down from 23.0bln
  • exports mm SA +0.4% vs +0.5% exp vs -1.3% prev revised down from -1.2%
  • imports mm SA +1.6% vs +1.0% vs -3.2% prev revised down from

A mixed bag but the overall improvement in imports/exports is welcome while the upward revisions for industrial production is tempering headline data for Nov

EURUSD still languishing near session lows at 1.0855 with support/demand at 1.0850 holding so far