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Euro little changed in an uneventful Friday trade

Friday, Apr 08 2016

Euro is little changed in an uneventful Friday's session, with minor importance German Trade Balance an French Industrial Production figures being released. Germany exported goods to the value of 99.5 billion euros and imported goods to the value of 79.3 billion euros in February 2016. Based on provisional data, the Federal Statistical Office (Destatis) also reports that German exports increased by 4.1% and imports by 4.0% in February 2016 year on year. After calendar and seasonal adjustment, exports increased by 1.3% and imports by 0.4% compared with January 2016. In calendar and seasonally adjusted terms, the foreign trade balance recorded a surplus of 19.8 billion euros in February 2016.

In February 2016, output fell back in the French manufacturing industry (-0.9% after +0.4% in January), as well as in the industry as a whole (-1.0% after +1.0% in January). Over the last three months, output was virtually stable in the manufacturing sector (-0.1% q-o-q), but diminished in the overall industry (-0.7%). Manufacturing output of the last three months improved compared to the same months of the previous year (+1.5%, y-o-y). Overall industrial output also increased (+0.6% y-o-y).

 

Euro is currently being traded around 1.1360 area. Pair is likely to find support around 1.1330 handle and resistance above 1.1450 level. There will be no major data releases later today.

More in this category: « UK Industrial Production fell by 0.3% RBA Edwards said low inflation provides scope for rate cut »

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