EMU: Trade surplus unchanged at €12B in December

Eurozone Trade surplus s.a. remained unchanged at €12 billion in December, according to data released today by Eurostat. Eurozone trade surplus n.s.a. narrowed to €11.7B in December, from €13.0 billion in November and against expectations of widening slightly to €13.1 billion.

Feb 15, 2013

Forex: USD/JPY pressured by G20, closer to 92.00

Having weakened to 92.25 low on risks of Japan policy intentions being publicly condemned by the G-20 and speculation about a less radical incoming BoJ Governor, the USD/JPY attempt to erase losses didn't last long as European officials talked down exchange rate policies and called for focus on reforms. This second downward momentum found its low at 92.23, and the market is currently erasing losses.

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Feb 15, 2013

Forex: USD/CAD eases off session highs towards 1.0019/23

The USD/CAD was confined to a trading range of 27 pips Friday (1.0000-1.0027), as an earlier attempt at a move below parity was stopped, leading to a jump in the exchange that established new highs during European trading. In these moments, the pair has eased slightly off its highs to 1.0019/23, still trading positively at +0.11%.

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