The "Current Account n.s.a — euro area" measures the balance of trade, income, and transfers between the euro area and the rest of the world, showing whether the region is earning more from exports and investments than it spends on imports and payments abroad (n.s.a. means "not seasonally adjusted"). A surplus usually signals economic strength, which can support the euro and reduce risk appetite for alternative assets like crypto and bitcoin; a deficit can have the opposite effect, sometimes boosting demand for crypto as a hedge.

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