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EMU: Trade deficit shifts to surplus in February

FXstreet.com (Barcelona) - Eurozone Trade deficit n.s.a. of €4.7 billion recorded in January, shifted to a €10.4 billion surplus in February, according to data released today by Eurostat. Analysts expected less surplus of €3.0 billion.

Eurozone Trade surplus s.a. widened to €12.0 billion in February from €9.0 billion in January, and above expectations of widening only to €9.9 billion.

Forex: EUR/GBP sideways trading at 0.8520/25

The EUR/GBP has recently been stagnated in trading, following a more volatile overnight session Monday. However, during European trading, the pair has been relegated to negative territory, wavering little in the aftermath of economic data out of the EMU. In these moments, the pair has settled at 0.8520/25, down -0.28% off its opening.
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Forex Flash: Target2 inbalances between Germany, Spain and Italy narrowed in March - Nomura

Nomura economists Silvio Peruzzo and Stella Wang note that Target2 balances shrank in March but are still very large
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