Forex: EUR/USD rises to 1.3124 intraday high

on Jul 18, 2013
Listen Thursday July 18th:_ In European trading so far today, the EUR/USD has rebounded from its current intraday low at 1.3089 reached during the Asian session, with the pair rising to a highest exchange rate for the day to this point at 1.3124.

The Eurozone’s current account surplus fell in May, due mainly to a greater deficit in current transfers and a decline in revenues, according to the data released by the European Central Bank at 09:00 BST today.
Seasonally adjusted, the current account surplus contracted to €19.6 billion in May from April’s revised €23.8 billion, missing expectations for a drop to €20 billion.

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The services account showed a surplus of €6.4 billion for the month, lower than the €8.1 billion recorded a month earlier. The goods trade account surplus increased to €18.1 billion, from €17.9 billion in April.
On an unadjusted basis, the current account for the 17-country grouping showed a surplus of €9.5 billion in May, significantly lower than April’s revised €16.6 billion.


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