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by ForexNewsNow Team on September 17, 2010

Indicator analysis: Euro zone current account deficit holds steady

indicator analysis - a pile of eurosNEW YORK (Forex News Now) – The euro zone’s current account deficit remained unchanged in July, official data showed on Friday in one of the day’s major realtime FX news events.

In a report likely to impact online FX trading, the EU statistics bureau, Eurostat, said the current account deficit remained at EUR 3.8 billion, the same as June.

Analysis had expected a drop to EUR 3.7 billion, according to two currency market trading news outlets.

However, there was some good news for euro zone watchers: Eurostat revised down its previous estimate for June from EUR 4.6 billion.

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