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EUR: German balance of trade set to be released today

By Ricky Bean November 9th, 2017

With no major releases from the eurozone today, the focus of the currency markets was on events elsewhere. Reports of further turmoil within the UK government dominated the headlines and the euro strengthened against the pound as a result. Against the dollar, the single currency held its own.

Today begins with the release of the German balance of trade report. The trade surplus increased to €20 billion in August from €19.6 billion in the same month a year before. Today’s reading is forecasted to show that the surplus has increased to €21.5 billion and it will be interesting to see whether analysts have got that figure right.