SM:Euro falling despite positive balance of trade data
StockMarketWire.com - The euro reversed yesterday's gains against the dollar in Friday morning business, remaining lower despite better than expected balance of trade figures for September as risk appetite dwindled.
The single currency shed 0.29% against the US dollar to trade at $1.2726. Against sterling, it was down 0.37% at €0.8023. The euro also gave ground to a resurgent yen, dropping 0.39% to trade at ¥103.17.
The €11.3 billion trade balance – the highest of 2012 – came in better than analysts expectations, but did little to inspire market confidence in the eurozone.
