FXstreet.com (Barcelona) - Euro Zone exports are still able to compete despite the strong euro, as the latest Euro Area's current account shows, with the deficit decreasing sharply in April from March.

Euro Zone's current account posted a 0.3 billion deficit in April, in seasonally adjusted terms, down from the 13.2 billion deficit posted in March. April's current account reflects a 7.4 billion deficit in current transfers, and a 2.1 billion deficit in income, while goods and services transfers posted surpluses by 5.9 and 3.3 billion respectively.

Non seasonally adjusted the Euro Area's current account posted a 9.2 billion deficit in April, up from a 5.7 billion deficit in March.