Norway Trade Balance dipped from previous 20.6B to 15.4B in November

Since the last Nov ZEW print, the EUR/USD pair has recovered more than 500 pips and now eases-off fresh seven-week highs to hover near 1.1030 levels. The major extends a solid recovery from post-ECB lows and now remains strongly bid on the back of broad based US dollar weakness ahead of the crucial Fed rate decision due tomorrow.