Market News

France Imports, EUR rose from previous €55.3B to €57.791B in February

France Exports, EUR declined to €52.013B in February from previous €53.4B

France Trade Balance EUR below expectations (€-2.3B) in February: Actual (€-5.778B)

France Imports, EUR increased to €57.8B in February from previous €55.3B

France Trade Balance EUR came in at €-5.8B below forecasts (€-2.3B) in February

France Current Account dipped from previous €2.1B to €-1.8B in February

France Exports, EUR down to €52B in February from previous €53.4B

Here is what you need to know on Wednesday, April 8:

Commerzbank’s Michael Pfister notes that the tentative ceasefire between the US and Iran and the reopening of the Strait of Hormuz triggered a sharp textbook reaction, with Oil falling and the US Dollar weakening, pushing EUR/USD back towards 1.17.

Germany Factory Orders n.s.a. (YoY) declined to 3.5% in February from previous 3.7%

The USD/CHF pair slumps to around 0.7890 during the early European session on Wednesday. Reports of a potential two-week ceasefire between the United States (US) and Iran drag the US Dollar (USD) lower against the Swiss Franc (CHF).  

United Kingdom Halifax House Prices (MoM) came in at -0.5% below forecasts (0.1%) in March