Market Commentary and Intraday News
Euro Steady Ahead Of German Trade Balance Report
257 days ago
(RTTNews) - Germany is set to release its trade balance and current account data-both for July at 2:00 am ET. Germany's trade surplus is seen falling to EUR 15.3 billion from EUR 17.9 billion in June. Current account is predicted to have slowed to EUR 13.5 billion in July from EUR 16.5 billion in the previous month.
The euro held steady against its major rivals ahead of the report. As of 1:55 am ET, the common currency was trading at 99.75 against the yen, 1.2640 against the dollar, 0.7930 against the pound and 1.2060 against the Swiss franc.
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