Mubasher: The Eurozone’s current account surplus narrowed more than expected in December, data by the European Central Bank (ECB) showed on Monday.

Surplus fell to EUR 29.9 billion ($37.12 billion) during the final month of 2017 from EUR 35 billion ($43.45 billion) in November.

Economists had expected a current account surplus of EUR 30.5 billion in December.

As for the full year 2017, surplus accounted for 3.5% of the Eurozone’s gross domestic product (GDP), up from 3.4% in 2016.

By 10:29 am GMT, the euro edged up 0.06% against the US dollar to $1.2414.