German Trade Balance Widens As Exports, Imports Beat Expectations

By David Schutz,

THE TAKEAWAY: German trade balance widens -> Current account shrinks -> Euro unmoved as focus remains on broader trends

German exports and imports grew as the trade balance widened to EUR 14.7B in February, the German stats bureau said today. The expected trade balance number was EUR 12.0B. The German current account came in at EUR 11.1B versus the expected 12.0B.

Although the German manufacturing contracted over the past months as consumer confidence eroded, today’s positive release was seen as a sign that investors have taken a positive view of recent European efforts to resolve the ongoing debt crisis. However, the Euro was largely unmoved by the data as focus remained on broader macro trends.
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Original Article: http://www.dailyfx.com/forex/market_alert/2012/04/10/German_Trade_Balance_Widens_as_Exports_Imports_Beat_Expectations_.html

DailyFX is the forex news and research arm of FXCM (NYSE: FXCM), which provides currency trading and brokerage services and is an advertiser on TheStreet websites. Any opinions, news, research, analyses, prices, or other information is provided as general market commentary, and does not constitute investment advice. Dailyfx will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. Currency trading involves significant risk of loss. Individual authors may hold positions in the currencies discussed in the article.