Germany July trade balance 9 Sept 2016
- +24.7bln prev revised down from +24.9bln
- current account balance +18.6bln vs +24.5bln exp vs 26.3bln prev
- exports SA mm -2.6% vs +0.4% exp vs +0.2% prev revised down from +0.3%
- imports SA mm -0.7% vs +0.5% exp vs +1.1% prev revised up from 1.0%
Softer data with lower exports and imports giving justifiable concern.
Euro unfazed still with EURUSD on session highs at 1.1284, EURGBP 0.8465 and EURJPY 115.16
