Germany exported goods to the value of 106.8 billion euros and imported goods to the value of 82.0 billion euros in June 2016. Based on provisional data, the Federal Statistical Office (Destatis) also reports that German exports increased by 1.2% and imports by 0.3% in June 2016 year on year. Compared with May 2016, exports increased by a calendar and seasonally adjusted 0.3%, and imports by 1.0%.
The foreign trade balance showed a surplus of 24.9 billion euros in June 2016. In June 2015, the surplus amounted to 23.9 billion euros. In calendar and seasonally adjusted terms, the foreign trade balance recorded a surplus of 21.7 billion euros in June 2016.
Euro is currently being traded around 1.1270 area. Pair is likely to find support around 1.1220 and resistance above 1.13 handle.
UK still likely to leave the EU with a negotiated agreement, says Number 10
Sentix Investors Confidence rose to 14.7 in August
German factory orders -4.0% seasonally adjusted on the previous month
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
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