Euro remains under pressure

The euro remains under pressure and a move towards the 1.2510 level cannot be ruled out. Near-term USD support should continue especially with Fed officials talking tough on inflation. This puts the

Trade deficit up 16% until April

A sharp jump in imports during the first four months of the year helped push the trade deficit up by 15.88% year-on-year to CYP 799.85 mln from CYP 690.26 mln a year