FXStreet (Delhi) – Research Team at BBH, notes the key economic releases from China and Eurozone for the day. Key Quotes “Eurozone: The Eurozone confirmed Q3 GDP grew 0.3% for a 1.6% year-over-year pace. What was important about today's release though were the details available. Contrary to conventional wisdom, the weak euro is not spurring an export-led expansion. It is still primarily an internal affair. Household consumption rose 0.4%. A little less than expected, but a touch better than the revised 0.3% increase in Q2. Government expenditures, rose 0.6%, twice the pace the market expected and what was seen in Q2. Gross fixed investment was disappointingly flat (consensus 0.2%), but the Q2 figure was revised to 0.1% from -0.5%. China: China reported a November trade surplus of $54.1 bln, nearly $10 bln smaller than the consensus expected. It is the smallest surplus in four months. To the extent that the expected trade surplus fed into an analysis of the decline in reserves reported yesterday, it would suggest somewhat less capital outflows. Exports fell more than expected at 6.8%, a little better than the 6.9% decline in October. Imports improved more than expected. The 8.7% decline year-over-year compares with a consensus forecast for nearly a 12% contraction and an 18.8% contraction in October. The CPI figures tomorrow are seen as more important for influencing the PBOC’s monetary stance.” For more information, read our latest forex news.