Market Updates: French Trade Deficit Narrowed Down to -4 Billion
The French trade deficit squizzed to EUR 4.0 billion in February 2019 from EUR 4.2 billion in the previous month versus market expectations
Arslan Butt•Friday, April 5, 2019•1 min read
Fellas, the Eurozone has released another low impact economic event. This time it’s French trade balance. Here’s an update:
The French trade deficit squeezed to EUR 4.0 billion in February 2019 from EUR 4.2 billion in the previous month versus market expectations of a EUR 4.7 billion cleft.
France exports rose 0.9% to EUR 42.9 billion while imports increased at a softer pace of 0.4% to EUR 46.9 billion. However, the EUR/USD hasn’t shown any reaction so far as investors await the US Nonfarm payroll data.
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ABOUT THE AUTHOR
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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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