Contrary to the previous article on the Italian trade balance , the euro zone's trade data and Current Account both revealed a deep plummet into deficit territory. The Current Account was only forecast to undergo a 5.6B EUR decline; the actual results were harrowing.
A reading of -12.9B EUR deficit being added to the euro zone's Current Account have so far put some pressure on the 17-nation currency. The trade balance data also revealed a dip of 2.5B EUR into deficit territory. So far, the EUR is balancing the disparate reports out of the broader region and Italy, but it doesn't seem to have much effect either way.
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