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U.S. trade deficit widens more-than-expected in March

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Forex Pros - The U.S. trade deficit widened more-than-expected in March, posting the largest deficit since June 2010, official data showed on Wednesday.

In a report, the U.S. Bureau of Economic Analysis said that the U.S. trade deficit widened to a seasonally adjusted USD48.2 billion in March, compared to a deficit of USD45.4 billion in February, whose figure was revised from a deficit of USD45.8 billion.

Analysts had expected the U.S. trade deficit to widen to USD47.0 billion in March.

According to the data, March exports totaled USD172.7 billion, while U.S. imports totaled USD220.8 billion.

Following the release of the data, the U.S. dollar was up against the euro, with EUR/USD shedding 0.44% to hit 1.4346.

Meanwhile, the outlook for U.S. equity markets was modestly upbeat. The Dow Jones Industrial Average futures indicated a gain of 0.1%, S&P 500 futures added 0.08%, while the Nasdaq 100 futures edged 0.05% higher.

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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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