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Eurozone March trade balance €17.9 billion vs €19.4 billion expected

Latest data released by Eurostat – 16 May 2019

  • Prior €19.5 billion; revised to €20.6 billion
  • Non-seasonally adjusted trade balance €22.5 billion
  • Prior €17.9 billion

ForexLive

Looking into the details, exports improved by 0.9% m/m while imports grew by 2.5% m/m and that resulted in the narrower trade surplus seen here. Nonetheless, the narrowing trade surplus isn’t overly significant and the fact that exports held up is definitely a welcome sign for the euro area economy at least.

EUR/USD trades at session highs now at 1.1224 as the dollar continues to slip further as market sentiment starts to improve on the day.

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