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Markets

US Trade Balance Better than Forecast

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In a sign that a weakened US dollar ( USD ) is perhaps aiding the US economy's growth, today's trade balance figure came in below the forecasted deficit. Though not an entirely positive signal, the trade deficit grew by only $44.8B instead of the anticipated $50.6B.

Weakening the value of the USD both increases the ability of American firms to export goods while simultaneously reducing America's buying power abroad (i.e. reducing imports). The expected result is a less-than-stellar, but better-than-forecast widening of the trade deficit, which should help improve America's standing in the global arena.

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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.

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