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The Euro zone's currency advanced against the US Dollar on Monday on continuously growing surplus trend in the Eurozone's current account. EUR/USD showed strength and moved upwards 10 pips, or 0.08%, and continued rising with enough momentum to reach the 1.2417 level.
In December, the single currency bloc has recorded a €29.9B surplus, while economists expected to see it at €30.5B. Euro zone's current account surplus was 3.5% of the Euro area GDP over the past 12 months, compared with 3.4% a year earlier; however, this figure remained quite stable over the span of past two years. In its monthly release, the ECB also reported that November's unadjusted surplus has increased from €40.1B to €45.8B.
| Historical Data Table: EZ Current Account | Economic Calendar for 19.02.2018 | ||||||||
| Date | 20.10.2017 | 17.11.2017 | 20.12.2017 | 19.01.2018 | 19.02.2018 | 6:45 PM | UK BOE Gov Carney Speaks | ||
| Actual | 33.3B | 37.8B | 30.8B | 32.5B | 29.9B | 9:45 PM | NZ PPI Input q/q | ||
| Forecast | 26.2B | 30.2B | 33.4B | 31.3B | 30.5B | 10:15 PM | RBA Assist Gov Bullock Speaks | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| EUR/USD | 1.23977 | 1.2408 | 0.08% | EUR/USD | 35.61% | 64.39% | |||
| EUR/GBP | 0.88575 | 0.88598 | 0.03% | EUR/GBP | 26.39% | 73.61% | |||
| EUR/CHF | 1.1516 | 1.152 | 0.03% | EUR/CHF | 28.76% | 71.24% | |||
| EUR/JPY | 132.176 | 132.312 | 0.10% | EUR/JPY | 34.96% | 65.04% | |||