- Trade deficit in July reaches 70.6 billion dollars versus 70.3 billion expected.
- The deficit so far this year is 29% higher than that accumulated on the same date in 2021.
The United States Census Bureau reported that the trade deficit in July it was $70.6 billion, down $10.2 billion from June.
The exports were $259,300 million (5,000 more than in June) and the imports $329.9 billion ($9.7 billion less than the previous month).
So far this year, the deficit is $136.6 billion, 29% higher than what was accumulated at the height of 2021.
The dollar was not affected by the data, as expected. The Federal Reserve’s Beige Book on the state of the US economy will be released later on Wednesday.
Source: Fx Street
With 6 years of experience, I bring to the table captivating and informative writing in the world news category. My expertise covers a range of industries, including tourism, technology, forex and stocks. From brief social media posts to in-depth articles, I am dedicated to creating compelling content for various platforms.
