The inflation-adjusted net value of transactions that include merchandise trade, income flows, services, and unilateral transfers. The goods portion is the same as the monthly Trade Balance figure
A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
Sep 19, 2019
Why Traders Care
It is linked to currency demand, as a current account surplus indicates more money flowing in than going out of the country. In other words, a widening surplus means investors are purchasing more of the local currency to carry out their transactions in the country.