Germany's trade surplus widens more than expected

FXstreet.com (Barcelona) - Germany's trade surplus increased to €12.1B in February from €8.7B in January. This jump beats market forecasts of a more modest rise to reach just €11.9B.

The Trade Balance released by the Statistisches Bundesamt Deutschland is a balance between exports and imports of total goods and services. A positive value shows a trade surplus, while a negative value shows a trade deficit. It is an event that generates some volatility for the EUR. If a steady demand in exchange for German exports is seen, that would turn into a positive growth in the trade balance, and that should be positive for the EUR.

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