- The US goods and services trade balance was slightly worse than expected.
- The US Dollar Index continues to push lower towards 91.00.
The deficit of goods and services of the United States fell by $ 2.4 billion to $ 66.6 billion in December, data jointly released by the US Census Bureau and the US Bureau of Economic Analysis. This reading was slightly worse than the market’s expectation of a deficit of $ 65.7 billion.
“December exports were $ 190 billion, $ 6.2 billion more than November exports,” the press release said. “December imports were $ 256.6 billion, $ 3.8 billion more than November imports.”
Market reaction
The US Dollar Index it extended its slide early in the US session and was last seen shedding 0.36% on the day at 91.20. However, the selling pressure surrounding the USD appears to be a product of the mixed labor market report and not these figures mentioned above.
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