Latest data released by Istat - 16 January 2018
- Prior global trade balance +EUR 4.95 bn; revised to +EUR 4.99 bn
- EU trade balance +EUR 0.24 bn
- Prior EU trade balance +EUR 0.67 bn; revised to +EUR 0.70 bn
Decent trade surplus number from Italy, but not really a major one in the Eurozone economy and for the EUR for that matter.
EUR/USD still running into sellers a little now at 1.2228. The pair has been ranging between 1.2220 to 1.2240 in the last hour or so. EUR/GBP meanwhile is up to 0.8889 now as sterling falls further on the day.
