Mubasher: Provisional estimates suggested that the Eurozone trade balance surplus came in at EUR 14 billion ($15.88 billion) in October, down from EUR 17.8 billion in the same month last year.

Meanwhile, trade balance for the 28 Members of European Union (EU28) posted a deficit of EUR 7.7 billion ($8.73 billion) last November, compared with EUR 1.8 billion for the same month a year earlier, data released by the Eurostat revealed on Monday.

Eurozone exports with the rest of the world rose 11.4% to EUR 209.7 billion in October, compared to the amount of EUR 188.3 billion for the same month of the previous year.

On the other hand, Eurozone imports from the rest of the world climbed 14.8% year-on-year to EUR 195.8 billion during the month.

In addition, EU28 exports rose 13.4% to EUR 180.7 billion during October from EUR 159.4 billion in the same month last year.

However, EU28 imports jumped 16.8% year-on-year to EUR 188.4 billion, from EUR 161.3 billion.

Intra-Eurozone trade rose 8.7% year-on-year to EUR 175.6 billion in October, while Intra-EU28 trade volume grew 7.9% to EUR 319.9 billion.

By 10:22 am GMT, the EUR/USD pair rose 0.28% to $1.1338.