Investing.com UK - Financial Markets Worldwide
🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

U.S. trade deficit drops 19.2% in April to $40.9 billion

Published 03/06/2015, 13:32
Updated 03/06/2015, 13:33
© Reuters. U.S. trade deficit drops 19.2% in April to $40.9 billion
EUR/USD
-
GBP/USD
-
USD/JPY
-
DX
-
GC
-
ESZ24
-
CL
-
1YMZ24
-
NQZ24
-

Investing.com - The U.S. trade deficit narrowed sharply in April, as exports edged up 1% and imports declined 3.3%, official data showed on Wednesday.

In a report, the U.S. Bureau of Economic Analysis said that the U.S. trade deficit narrowed to a seasonally adjusted $40.88 billion in April from a deficit of $50.57 billion in March, whose figure was revised from a previously reported deficit of $51.37 billion. Analysts had expected the U.S. trade deficit to narrow to $44.0 billion in April.

U.S. exports edged up 1% to $189.91 billion in April, while imports declined 3.3% to $230.78 billion.

EUR/USD was trading at 1.1112 from around 1.1120 ahead of the release of the data, GBP/USD was at 1.5282 from 1.5286 earlier, while USD/JPY was at 124.56 compared to 124.45 earlier.

The US dollar index, which tracks the greenback against a basket of six major rivals, was at 96.33, compared to 96.28 ahead of the report.

Meanwhile, the outlook for U.S. equity markets was upbeat. The Dow futures indicated a gain of 0.5% at the open, the S&P 500 futures pointed to a rise of 0.45%, while Nasdaq 100 futures tacked on 0.75%.

Elsewhere, in the commodities market, gold futures traded at $1,188.40 a troy ounce, compared to $1,191.00 ahead of the data, while crude oil traded at $60.17 a barrel from $60.35 earlier.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.