Wednesday, May 21, 2014

Epic Research Singapore : Forex Market Update

The euro zone's current-account surplus narrowed in March, data published Wednesday by the European Central Bank showed. 


The current-account balance, a broad measure of an economy's international financial position, decreased in adjusted terms to a surplus of 18.8 billion euros ($25.8 billion) in March, after a surplus of EUR21.8 billion in February. 

For the 12-month period that ended in March 2014, the cumulated surplus equaled 2.5% of the euro zone's gross domestic product, higher than 1.8% in the 12 months that ended in March 2013.

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