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Eurozone Trade surplus declined in November

FXStreet (Mumbai) - The data released by Eurostat today showed the Eurozone Trade surplus with the rest of the world in November 2014 declined to EUR 20 billion, from the October’s EUR 23.6 billion surplus.

The details reveal, seasonally adjusted exports increased by 0.2%, while imports remained stable in November 2014. Meanwhile, EU 28 trade balance was a EUR 10.1 billion surplus in November 2014, compared with EUR 7.4 billion surplus seen in October 2014. EUR 28 seasonally adjusted exports rose by 0.9%, while imports fell by 1.1%.

European Monetary Union Trade Balance n.s.a. registered at €20B above expectations (€19.6B) in November

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In a sudden move, SNB abandons its EUR/CHF floor – ING

Julien Manceaux of ING, notes than in its second surprise move in less than one month, the Swiss National Bank changed its strategy this morning and abandoned its floor at 1.20 under the EUR/CHF exchange rate.
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