The Euro strengthened against the Greenback, following the release of the EU trade balance report. The EUR/USD currency pair gained 14 base points, or 0.11%, reaching the 1.2295 level, to continue fluctuating and reaching the intraday’s high around the 1.2325 area.
The Eurostat revealed on Monday that the EU trade balance data did not meet expectations, showing the trade surplus of 19.9B in January, following the downwardly revised 23.2B in the prior month. Even though the data came out less-than-expected, it was positive and it positively impacted the growth of EUR/USD currency pair. Moreover, interesting initial reactions on main pairs can be seen, where EUR/GBP stood out with a 0.20% downturn, caused by recent Brexit agreements.
