Mumbai, May 19 -- Euro stayed supported against the US dollar today following a robust performance on the external front. Latest data showed that Euro area trade surplus grew strongly in March as exports to the US increased sharply. The trade balance showed a surplus of EUR 36.8 billion compared to a EUR 22.8 billion surplus in the same period last year, Eurostat reported Friday.

Exports of goods recorded a double-digit annual growth of 13.6%. At the same time, imports climbed 8.8%. Data showed that exports to the United States surged 59.5% in March, while imports from the country grew only 9.4%. Consequently, the trade surplus with the US increased sharply to EUR 40.7 billion from EUR 16.7 billion last year. The euro area trade surplus ...