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Germany: Trade surplus narrows €15.7B in January

German Trade surplus narrowed to €15.7 billion in January from €16.9 billion in December, according to data released today by Destatis. Analysts expected the surplus to narrow to €15.8 billion. German Current Account surplus narrowed to €11.3 billion in January, from €20.2 billion in December.

German Exports rose 1.4% in January, in comparison with the 0.2% growth in December, above market consensus of increasing 0.3%. German Imports climbed 3.3%, following a 1.5% drop and above forecasts of a 1% rise.

Germany Imports (MoM) improves to 3.3% in Jan from -1.5% in Dec.

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Forex: EUR/USD posting highs after German trade data

The bloc currency is posting fresh session highs in the vicinity of 1.3020 on Monday after German trade surplus came in below expectations during January, falling to €15.7 billion from €16.9 billion...
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