France’s Trade Balance is expected to see the deficit contract to -4.5 billion euro in August from -4.8 billion in the preceding month. The improvement will likely come courtesy of lower import volumes on the back of sharply lower oil prices and diminished consumer demand. That said, a decline in exports opens the door for a downside surprise: the nation’s top five trade partners are other EU nations and slumping economic conditions across the region will see softer demand for French products. For a complete listing of this week's data releases, please see the DailyFX Economic Calendar.