Trade balance. EU, 12:00 (GMT+2) 20 Mar

20Mar.202311:00

Trade balance. EU, 12:00 (GMT+2)

At 12:00 (GMT+2), the EU will publish its January trade balance data. This indicator captures the difference between the amount of payments for exported and imported goods. The negative dynamics are expected to accelerate from the current –8.8B euros to –12.5B euros. Implementation of the forecast may put pressure on the position of the euro.

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20 Mar. 2023 08:00

Producer price index. Germany, 09:00 (GMT+2)

At 09:00 (GMT+2), February data on the German Producer Price Index will be published. It is one of the most important indicators of inflation in the economy since it measures the change in prices for goods sold by manufacturers at the wholesale level. It is expected that the value will be corrected from the current 17.8% to 16.4% YoY and from –1.0% to –1.6% MoM, which may contribute to the downward dynamics of the euro.

20 Mar. 2023 22:45

Trade balance. New Zealand, 23:45 (GMT+2)

At 23:45 (GMT+2), New Zealand will publish February data on the trade balance – an indicator that shows the difference between the amount of payments for exported and imported goods. If the deficit continues to increase from the current −15.480M New Zealand dollars YoY and from −1.954M New Zealand dollars MoM, it will put pressure on the position of the national currency.

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