U.S. trade deficit widens 0.4% to USD38.8 billion in August


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Investing.com - " The U.S. trade deficit widened less-than-expected in August, official data showed on Thursday.

In a report, the U.S. Bureau of Economic Analysis said that the U.S. trade deficit widened by 0.4% to a seasonally adjusted USD38.8 billion in August from a deficit of USD38.6 billion in July, whose figure was revised down from a previously reported deficit of USD39.2 billion.

Analysts had expected the U.S. trade deficit to widen to USD39.5 billion in August.

The data showed that U.S. exports totaled USD189.2 billion in August, while imports came in at USD228 billion.

Following the release of the data, the U.S. dollar held on to gains against the euro, with EUR/USD rising 0.23% to trade at 1.3809.

Meanwhile, U.S. stock index futures pointed to a higher open. The Dow Jones Industrial Average futures pointed to a gain of 0.35%, S&P 500 futures indicated a rise of 0.2%, while the Nasdaq 100 futures signaled a 0.15% increase.

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This article appears in: Investing , Forex and Currencies

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