Source: ForexYard
The report out this morning on the Italian trade balance surprised several traders by publishing a surplus. September 2010 was the last time a trade surplus was experienced by the Italian economy. So far the news has only helped the EUR gain, albeit mildly, in today’s trading.
Trade reports such as this rarely have a hefty impact on a currency’s value. The Italian trade balance report is one such example. Though it is a positive for the region in general, and Italy specifically, it doesn’t really carry that much weight in forex valuations. Nevertheless, the EUR should gain some strength from this data.
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