US: Goods and services deficit narrow to $67.4 billion in August vs. $68 billion expected
|- US Goods and Services Trade Balance rose to -$67.4 billion in August.
- US Dollar Index clings to strong daily gains above 111.00.
The data published by the US Census Bureau showed on Wednesday that the US' goods and services deficit narrowed by $3.1 billion to $67.4 billion in August from $70.5 billion in July. This reading came in lower than the market expectation for a deficit of $68 billion.
"August exports were $258.9 billion, $0.7 billion less than July exports," the publication further read. "August imports were $326.3 billion, $3.7 billion less than July imports."
Market reaction
This report doesn't seem to be having a noticeable impact on the dollar's performance against its rivals. As of writing, the US Dollar Index was up 0.85% on the day at 111.13.
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