- Euro area trade surplus narrowed modestly in February.
- EUR/USD pair stays in the negative territory around mid-1.1900s.
The seasonally-adjusted Trade Balance of the euro area declined to +€24.2 billion in January from +€27.5 billion in December, the data published by the Eurostat showed on Thursday.
“In January 2021 compared with December 2020, euro area seasonally-adjusted exports decreased by 2.8% and imports by 1.3%,” the publication further revealed.
Meanwhile, other data from the euro area showed that the Labor Cost in the fourth quarter rose by 3% following the 1.6% increase recorded in the third quarter.
Market reaction
The EUR/USD pair showed no immediate reaction to these figures and was last seen losing 0.3% on a daily basis at 1.1944.
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