US: Goods and Services Trade deficit shrinks to $87.1B in April versus $89.5B expected
|According to the latest data from the Bureau of Economic Analysis and US Census Bureau, the US Goods and Services Trade deficit shrunk to $87.1B in April. That was a little smaller than the expected decrease to $89.5B from $109.80B in March.
The Goods trade deficit was $107.74B in April and the Services trade surplus was $20.66B. In total, exports were up 3.5% MoM versus March at $252.62B, while Imports were up 4.9% $339.7B.
The US trade deficit with China fell to $30.57B from $34B in March. Finally, the average price of US oil imports rose to $94.99 per barrel in April, up from $87.20 one month earlier.
Market Reaction
Currency markets did not react to the latest US trade data.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.