FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman suggested that today's German data illustrates why the ECB measures are not going to derail the euro yet.
"Germany reported a EUR17.7 bln trade surplus in April. The market expected a EUR15.2 bln surplus after EUR15.0 bln in March."
"The current account, which includes merchandise and service trade as well as other activities such as investment income and tourism, stood at EUR18.5 bln, almost 20% larger than economists expected. Exports, which is the growth it borrows from other countries, rose 3%, while imports rose 0.1%”.