Pantheon Macroeconomics - Data later today will likely show that the Eurozone's external balance remained firm last quarter at a record 2.5% of GDP. We think the seasonally adjusted current
account surplus rose to €20.0B in December from €18.1B in November, with positive momentum in the key components continuing.

Eurozone | 19 Feb. 2015 QE and the booming external surplus create conditions for EUR carry trades
Data later today will likely show that the Eurozone's external balance remained firm last quarter at a record 2.5% of GDP. We think the seasonally adjusted current account surplus rose to €20.0B in December from €18.1B in November, with positive momentum in the key components continuing.

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19 Feb. 2015 QE and the booming external surplus create conditions for EUR carry trades

By Claus Vistesen

Data later today will likely show that the Eurozone's external balance remained firm last quarter at a record 2.5% of GDP. We think the seasonally adjusted current account surplus rose to €20.0B in December from €18.1B in November, with positive momentum in the key components continuing.

Posted: 19th Feb 2015 in 'Eurozone'

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