- The US international trade deficit narrowed by $29 billion in August.
- The Dollar Index is holding on to small daily gains above 114.00.
Data released by the US Census Bureau. showed on Wednesday that the US international trade deficit narrowed by $2.9 billion to $87.3 billion in August from $90.2 billion in July.
“Exports of goods in August were 179.8 billion dollars, 1.7 billion less than exports in July,” the publication said. “Imports of goods in August were 267.1 billion dollars, 4.6 billion less than imports in July.”
Additionally, the report revealed that wholesale inventories rose 1.3% in August, above market expectations for a 0.7% rise.
market reaction
The Dollar Index did not show an immediate reaction to this report and was last seen making small daily gains at 114.25.
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.
