The US balance of trade in goods has increased its deficit by $1.5B in February’s preliminary reading, falling to -91.6B from -90.1B previously, registering its worst level since October. The result also worsens the -91B consensus estimate.
The figures of wholesale inventories have grown by 0.2% in February’s preliminary reading, improving on the 0.5% decline seen in January (revised downward from -0.4). Despite the improvement, the data disappoints market expectations, since an increase of 0.6% was expected.
USD reaction
He US Dollar Index (DXY) has accentuated its fall after the publication of the data, sliding to 102.40, its lowest price in three days. At time of writing, the greenback is trading above 102.44, losing 0.39% daily.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
