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by ForexNewsNow Team on December 8, 2010

Germany trade balance surplus smaller than expected

NEW YORK (Forex News Now) – Germany recorded a lower-than-forecast trade balance in October, data showed on Wednesday in one of the day’s big realtime forex news events.

In a report likely to impact euro currency market trading, the German national statistics office said the trade balance surplus fell to 14.2 billion euros in October, down from 15.4 billion euros the previous month.

Analysts had expected October’s figure to come in at around 15.1 billion, according to at least two major online FX trading news outlets.

France, the euro zone’s second-largest economy, was due later in the morning to release its trade balance figures for October, with a forecast deficit of 4.2 billion euros, up from a deficit of 4.7 billion euros the previous month.

By ForexNewsNow Team

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