Shutterstock photo
Markets

U.S. current account deficit narrows to USD107.5 billion in Q3

Shutterstock photo

Shutterstock photo

Investing.com - Investing.com - The U.S. current account deficit narrowed in the third quarter of 2012, posting the smallest deficit since the fourth quarter of 2010, official data showed on Tuesday.

In a report, the U.S. Bureau of Economic Analysis said the country's current account deficit narrowed to a seasonally adjusted USD107.5 billion in the third quarter, from a revised deficit of USD118.1 billion.

Analysts had expected the U.S. current account deficit to narrow to USD103.4 billion in the third quarter.

Following the release of the data, the U.S. dollar remained modestly lower against the euro, with EUR/USD easing up 0.11% to trade at 1.3177.

Meanwhile, U.S. stock index futures held on to gains after the release of the data. The Dow Jones Industrial Average futures pointed to a modest rise of 0.2%, S&P 500 futures indicated an increase of 0.25%, while the Nasdaq 100 futures signaled a gain of 0.6%.

Investing.com - Investing.com offers an extensive set of professional tools for the Forex, Commodities, Futures and the Stock Market including real-time data streaming, a comprehensive economic calendar, as well as financial news and technical & fundamental analysis by in-house experts.

Read more News on Investing.com or Follow us on Twitter at @ Newsinvesting

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

ForEx