Latest data released by Destatis - 9 January 2018
- Prior +EUR 18.9 bn
- Current account balance +EUR 25.4bn vs +EUR 25.3 bn expected
- Prior +EUR 18.1 bn
- Exports m/m +4.1% vs +1.2% expected
- Imports m/m +2.3% vs +0.4% expected
A higher than expected surplus, and a much better improvement than last month's reading. But as I highlighted last month, it can fluctuate a little. Not much to read into it, though exports and imports both rose strongly in the month of November.
EUR/USD a little higher now to 1.1967 - but that's more on the back of the industrial production beat.
