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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