Latest trade data out now

  • €+15.4bln prev revised up from €15.3bln
  • SA +€19.4bln vs €19.6bln prev
  • current account balance €+25.1bln vs +21.9bln
  • exp vs +13.3bln prev revised up from 12.3bln
  • exports mm SA +2.6% vs +2.0% exp vs -5.2% prev
  • imports mm SA +3.6% vs +1.0% exp vs -3.2% prev revised down from -3.1%

Decent enough data on the face of it but somewhat historic and not fully reflecting current scenarios with VW et al

Euro unfazed with EURUSD dipping a tad to 1.0767 on general USD demand

EURGBP crawling around 0.7140 still and EURJPY 132.81 just off session highs