News

US: International trade deficit narrows to $82.5 billion in December

  • US Goods Trade Balance rose modestly to -$82.5 billion in December.
  • US Dollar Index clings to modest daily gains. 

The United States' international trade deficit declined by $3 billion to 82.5$ billion in December, the data published by the US Census Bureau showed on Thursday.

Further details of the publication revealed that exports of goods for December were $133.4 billion, $5.9 billion more than November exports and imports of goods for December were $215.9 billion, $2.9 billion more than November imports.

Finally, Wholesale Inventories increased by 0.1% after staying unchanged in November.

Market reaction

The US Dollar Index largely ignored this report and was last seen posting modest daily losses at 90.74.

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