Macroeconomics  |  December 18, 2012 09:48:34

Eurozone trade balance Export eurozone significantly better off in October and rose by 14 percent. Eurozone trade balance recorded a surplus year € 10.2 billion. Compared to last year's deficit is a significant improvement. It's a positive message for the whole euro area, especially for the most indebted countries, which would again could restore its competitiveness. Greece, Spain and Portugal, a country experiencing its third year of crisis, could significantly reduce the deficit in the trade balance during the year. Italy was doing better and was able to finish with a slight surplus.
Eurodollars on the trade balance does not significantly react. The markets are waiting to see what's new boss will address the ECB Mario Draghi. Price all day oscillates in the range of 1.3145 to 1.3180.

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