The German trade balance increased in December to 16.1B euros from 15.9B in November (revised down from 16.4B), according to Destatis. The result disappoints the 16.3B expected by experts.
The Germany’s current account rose to 28.2B euros from the previous 21.2B (revised from 21.3B), but does not reach the 28.8B estimated by the market.
The exports increased 0.1% in December, improving on the expected 1% drop. In November, the indicator grew 2.3% (revised from 2.2%).
The imports fell 0.1% after having risen 5.4% in November (revised up from 4.7%).
EUR / USD reaction
EUR / USD has not moved with the data and remains firm to the upside after hitting one-week highs midway through the Asian session on Tuesday at 1.2082. At time of writing, the pair is trading above 1.2077, gaining 0.21% on the day.
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