Shutterstock photo
Markets

U.S. trade deficit widens unexpectedly in June

Shutterstock photo

Shutterstock photo

Forexpros - The U.S. trade deficit widened unexpectedly in June, posting the largest deficit in almost three years, official data showed on Thursday.

In a report, the U.S. Bureau of Economic Analysis said that the U.S. trade deficit widened to a seasonally adjusted USD53.1 billion in June, compared to a deficit of USD50.8 billion in May, whose figure was revised up from a deficit of USD50.2 billion.

Analysts had expected the U.S. trade deficit to narrow to USD48.0 billion in June.

U.S. exports in June totaled USD170.8 billion, while U.S. imports totaled USD223.9 billion.

The U.S. trade deficit with China widened to USD26.7 billion in June, the highest since September 2010.

Following the release of the data the U.S. dollar was up against the euro, with EUR/USD shedding 0.45% to trade at 1.4112.

Meanwhile, U.S. stock index futures pared losses following the data.

The Dow Jones Industrial Average futures indicated a loss of 0.4%, S&P 500 futures pointed to drop of 0.7%, while the Nasdaq 100 futures edged up 0.1%.

Forex News

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

Latest Markets Videos