Italy global trade balance June report out a few moments ago 11 Aug
- prev revised down from +€5.033bln
- EU trade +EUR 1.202bln vs +EUR 1.775bln prev revised down from +1.777bln
- exports -0.5% yy and imports -6.1% yy
Falls in both exports and imports in line with the rather worrying global trend
EURUSD popping back up to 1.1150 with dip demand noted but cross ccy plays still the prime mover.
