Following the release of German trade balance for July at 2:00 am ET, the euro was little changed against its major counterparts. As of 2:02 am ET, the common currency was trading at 99.77 against the yen, 1.2635 against the dollar, 0.7931 against the pound and 1.2060 against the Swiss franc.
Germany's trade surplus rose to EUR 16.9 billion in July compared to previous month's revised surplus of EUR 18 billion. Analysts had expected a surplus of EUR 15.3 billion in the month.
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Forex News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.