Yahoo Finance Eurozone Trade Surplus Widens but Fails to Impress the EUR ahead of Lagarde
It’s a been a quiet start to the day on the Eurozone economic calendar.
Eurozone trade data was in focus early in the European open.
Trade
In July, the Eurozone’s trade surplus widened from €17.7bn to €20.7bn.
According to Eurostat,
Euro area exports of goods to the rest of the world increased by 11.4%, year-on-year, to €206.0bn.
Imports from the rest of the world jumped by 17.1% to €185.3bn.
Intra-euro area trade rose by 16.8%, year-on-year, to €179.7bn.
Market Impact
Ahead of today’s figures, the EUR had risen to a pre-stat and current day high $1.18208 before hitting reverse.
In response to today’s stats, the EUR rose to a post-stat high $1.17775 before falling to post-stat and current day low $1.17663.
At the time of writing, the EUR was down by 0.41% to $1.17686.
Next Up
Initial jobless claims and retail sales figures from the U.S. ECB President Lagarde is also scheduled to speak ahead of today’s stats from the U.S.
This article was originally posted on FX Empire
