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In April, the current account surplus in the euro area amounted to 28 billion 400 million euros, having been reduced to a minimum since June 2017, the European Central Bank reported. The commodity trade surplus amounted to 21 billion euros, decreased from 32 billion 300 million euro a month earlier. At the same time, the services surplus increased to 9 billion 600 million euros from 9 billion 400 million euros in March. The primary income grew almost 2 times to 8.5 billion euros. In April, there was also a decrease in the deficit for secondary income from 11 billion 700 million euros to 10 billion 700 million euros.
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Financial markets saw record heights earlier on Friday, with the Euro continuing its 21-month gain streak and gold prices hitting its highest level amid a weakened Dollar. The Euro soared above the Dollar by 1.7%, trading at $1.1616 for the ...
The Dollar fell on Tuesday, with the Euro and the British Pound Sterling gaining strength on the back of news that European Union leaders have agreed to roll out additional recovery funds in the region. New hopes for a potential COVID-19 vaccine ...
The euro reached its highest level since early March after the European Union agreed on a deal for a massive stimulus package to support the bloc’s economy from the coronavirus pandemic. The deal was finalized after a round of compromises ...
The euro steadied at four-month highs on the dollar after investors pinned hopes on the EU economic rescue fund as European leaders are expected to break a deadlock and agree on a deal. EU leaders had differing stands on the proposed 750 billion ...
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