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Eurozone Current Account Surplus Shrank in January

European Central Bank data showed that the eurozone current account surplus narrowed in January due to a larger secondary income deficit, which includes outflows such as remittances and taxes. The 19-nation bloc recorded a current account surplus of 30.5 billion euros in January, down from 36.7 billion euros in December …

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European Union Leaders Will Hold a Virtual Summit

A European Union spokesman said today, Sunday, that the leaders’ summit scheduled for March 25-26 in Brussels will be held via video conference due to the increase in coronavirus cases across Europe. In a post on Twitter, Barend Leyts, spokesman for Charles Michel, President of the European Council that chairs …

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Gold Falling And Lira Pushes Dollar up

Gold prices fell as investors preferred alternative safe-haven assets such as the US dollar and bonds after Turkey’s surprising decision to appoint a new central bank governor who was known to criticize high interest rates, which led to uncertainty over fiscal policy. Gold fell in the spot market 0.5 percent …

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