Eurozone June current account report 18 Aug 2016
– prev from +€30.8bln
– NSA +€37.6bln vs +€16.5bln prev from +€15.4bln
– net investment flow +€21.4bln vs revised +€46.3bln
C/A surplus narrows for 2nd straight month but still a solid net investment flow, albeit lower than previous supporting my long-held view that the euro remains fundamentally underpinned.
Eurozone current account balance June SA +EUR 28.2bln vs +EUR 31.8bln prev
