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Oct 08 - 03:55 AM

EUR/USD - The Foundations Of EUR/USD Support Are Crumbling

By Jeremy Boulton  —  Oct 08 - 02:41 AM
  • Germany's trade surplus shrinks to EUR 13.0 billion in August

  • Excluding early 2020 turmoil, surplus is smallest since 2011

  • Germany's current account surplus shrinks to EUR 11.8bln in August

  • Excluding early 2020 turmoil, surplus is smallest since 2014

  • Declines now being sustained unlike initial shock seen early 2020

  • Support from data which has long supported EUR is much reduced




German c/a Click here

German trade balance Click here

Source:
Refinitiv IFR Research/Market Commentary

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