- The US international trade deficit narrowed modestly in February.
- The US dollar index remains in positive territory above 99.00 after the data.
The US international trade deficit fell by $1 billion in February to $106.6 billion from $107.6 billion in January, the US Census Bureau reported Monday.
“February merchandise exports were $157.2 billion, $1.9 billion higher than January exports,” the press release further read. “February goods imports were $263.7 billion, $0.9 billion more than January imports.”
Additionally, Wholesale Inventories in February increased 2.1% monthly, exceeding the market expectation of a 1.7% increase.
market reaction
These figures do not seem to have a notable impact on the performance of the dollar against its rivals. The US Dollar Index was last seen up 0.4% on the day at 99.20.
Source: Fx Street
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