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Euro Surge In Past Months Lean Harder On Euro-Zone GDP

By Benny Nardino | September 17, 2007

Euro-zone trade balance fell short of expectation for the first time in eleven months. A sign that the Euro-zone economy is feeling the pinch – the effect of the EURO strength on the Dollar in recent months. This is the first shortfall since August of 2006 and a considable plummet from June’s 4.4 billion euro figure.

A deficit of 600 million euro from initial expectation of 7 billion is a cause for concern. The shift in the balance is result of voracious demand for foreign goods. In addition, the weakness in the US dollar lately makes the euro-zone goods and services more expensive to the out world on competitive pricing. If this trend does not bucking soon annual growth will be hampered.

Benny…
“A Mentor’s footprint is worth a thousand walk of trailblazing.
Seek the WISDOM of the fore-runners.”

Tags: euro, Euro-Zone GDP, Forex

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