At 2.00am ET, the German Federal Statistical Office is set to release the trade balance report for February. The German trade surplus is expected to fall to EUR 7.5 billion in February from EUR 8.5 billion in the prior month. Monthly fall in exports is seen at 3.3%. Meanwhile, a 2.3% monthly decline is expected for imports.
Ahead of the release, the euro edged down against the currencies of US, UK and Japan. On the other hand, the euro showed choppy trading against the Swiss franc. At about 1:55 am ET, the euro traded at 1.3182 against the dollar, 131.73 against the yen, 0.8978 against the pound and 1.5146 against the franc.
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