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Euro area trade surplus rose to 21.1 billion euros

The first estimate for euro area (EA19) exports of goods to the rest of the world in November 2015 was €173.5 billion, an increase of 6% compared with November 2014 (€163.6 bn). Imports from the rest of the world stood at €149.9 bn, a rise of 5% compared with November 2014 (€143.5 bn). 

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UK Trade Balance deficit narrowed to £10.6 billion

The UK’s deficit on trade in goods and services was estimated to have been £3.2 billion in November 2015, a narrowing of £0.3 billion from October 2015. The narrowing is attributed to trade in goods where the deficit has narrowed from £11.2 billion in October 2015, to £10.6 billion in November 2015. This was in line with market forecasts. Between October 2015 and November 2015, the trade in goods narrowing was mainly the result of a fall in the import of goods of £0.9 billion to £33.9 billion. The narrowing is mainly attributed to a fall in imports of oil which decreased by £0.5 billion to £2.2 billion.  Read more...

Australian Building Approvals fell by 12.7%

Australian Bureau of Statistics (ABS) Building Approvals show that the number of dwellings approved fell 1.9% in November 2015, in trend terms, and has fallen for eight consecutive months. In seasonally adjusted terms approvals fell by 12.7%, missing forecasts on 2.8% decline. The value of total building approved fell 0.8% in November, in trend terms, and has fallen for four consecutive months. The value of residential building fell 1.2% while non-residential building was flat. Read more...

USD strengthen against major rivals despite lack of news release

Despite no major data releases, USD was pushed higher against its major European rivals Euro and Sterling. Recently published data showed that the Nation's international advance trade deficit in goods decreased to $60.5 billion in November from $61.3 billion in October as imports decreased more than exports. This was in line with market forecasts. Read more...

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