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Germany: Trade surplus widens against expectations in February

FXstreet.com (Barcelona) - German Trade surplus widened to €17.1 billion in February from €15.6 billion in January, according to data released today by Destatis. Analysts expected the surplus to narrow to €15.1 billion. German Current Account surplus widened to €16.0 billion in February, from €9.7 billion in January.

German Exports decreased 1.5% in February, in comparison with the 1.3% growth in January, against market consensus of no change. German Imports declined 3.8%, following a 3.3% rise and against forecasts of a 0.8% rise.

Forex: EUR/USD hovering over 1.3030/35

The bloc currency is giving away overnight gains on Tuesday, falling from the proximity of 1.3070 to the current area of 1.3035/40 despite the positive data from the German trade balance. In fact, the....
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Forex: GBP/USD around 1.5260/65 ahead of UK data

The sterling is flat-lining in the vicinity of 1.5260/65 on Tuesday, ahead of UK balance figures, industrial and manufacturing production. Prior surveys expect the industrial sector in the British...
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