US international trade deficit narrowed by $29 billion in August.
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- US international trade deficit narrowed by $29 billion in August.
- US Dollar Index clings to small daily gains above 114.00.
The data published by the US Census Bureau showed on Wednesday that the US international trade deficit declined by $2.9 billion to $87.3 billion in August from $90.2 billion in July.
“Exports of goods for August were $179.8 billion, $1.7 billion less than July exports,” the publication read. “Imports of goods for August were $267.1 billion, $4.6 billion less than July imports.”
Moreover, the report revealed that the Wholesale Inventories rose by 1.3% in August, higher than the market expectation for an increase of 0.7%.
The US Dollar Index showed no immediate reaction to this report and was last seen posting small daily gains at 114.25.
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