Market Updates: French Trade Deficit Narrowed Down to -4 Billion
Arslan Butt • 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.