US: Goods Trade Deficit rises to $107.63B in January versus $99.6B expected
|The US Goods Trade deficit widened to $107.63B in January, a new record high, much larger than the expected monthly deficit of $99.6B and much larger than December's deficit of $100.47B, according to data from the US Bureau of Economic Analysis released on Monday.
Market Reaction
The latest much larger than expected US trade deficit figures do seem to have weighed a tad on the US dollar, with the DXY falling back under the 97.00 level in recent trade and into the 96.80s. But US data will take a backseat as a USD driver this week to geopolitical developments as the Ukraine war rumbles on and Western sanctions versus Russia evolve.
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