Eurozone May trade balance SA EUR 19.7bln vs 20.2bln exp

Eurozone May trade balance data just out 14 July
– EUR 18.6bln prev revised down from 19.6bln
– NSA EUR 21.4bln vs 17.9bln prev
– exports mm adj +2.1%
– imports mm adj +1.6%
EURUSD and EUR pairs in general has been trending higher since 1.0600 in April so we’ll not be expecting any better results in the June reading.