Foreign Exchange Market Update

December 9, 2025

German Trade Surplus Grows in October

Euro traded at 1.1638 against USD at 9:00 AM PST

Germany's foreign trade surplus increased in October as exports rose, amid a decline in imports. Exports posted a monthly increase of 0.1% in October, though slower than the 1.5% recovery in September. Meanwhile, imports declined 1.2% after rising 5.1% a month ago.

As a result, the trade surplus climbed to EUR 16.9 billion from EUR 15.3 billion in September. In the same period last year, the surplus totaled EUR 14.6 billion. Yearly, exports registered an annual increase of 4.1% in October, and imports grew by 2.8%.

Exports to the EU states rose 2.7% compared to September, and imports from these states climbed 2.8%. 12/09/2025 - 03:21:00 (RTTNews)

Australia Leaves Key Rates Unchanged

The Reserve Bank of Australia maintained its key interest rate for the third straight month at its final meeting of 2025, and the policy board observed that there are some signals of a more broadly based inflation uptick, some of which may be long-term and will need to be closely monitored.

The policy board, governed by Michele Bullock, decided to hold the cash rate at 3.60% on Tuesday. The bank reduced the rate by 25 basis points each during August, May, and February. The current 3.6% is the lowest since March 2023.

"The risks to inflation have tilted to the upside, but it will take a little longer to assess the persistence of inflationary pressures," the Bank said. Domestic demand is showing some resilience, while the labor market conditions are still signaling little tight, but further modest easing is expected. The Board is focused on its mandate to deliver price stability and full employment and will do what it considers necessary to achieve that outcome. 12/09/2025 - 02:53:00 (RTTNews)

Taiwan Trade Surplus Rises Sharply in November

Taiwan's foreign trade surplus increased notably in November compared to the same month a year ago, as exports grew significantly faster than imports. The trade surplus rose to $16.09 billion in November from $8.0 billion in the corresponding month last year. Meanwhile, the surplus decreased from $22.6 billion in October.

Exports jumped 56.0% year-over-year in November, and imports climbed by 45.0%. Shipments of information, communication, and audio-video products surged by 170.8%, and outflows of electronic products rose by 29.3%. Exports of machinery were 17.9% higher compared to last year. Meanwhile, imports of mineral products showed an annual growth of 11.5%. 12/09/2025 - 04:35:00 (RTTNews)