US: Goods and services deficit expands to $67.4 billion in December vs. $68.5 billion expected
- US Goods and Services Trade Balance came in at -$67.4 billion in December.
- US Dollar Index continues to push higher after the data.
The United States international trade deficit in goods and services rose by $6.4 billion to $67.4 billion in December, the data published jointly by the US Census Bureau and the US Bureau of Economic Analysis revealed on Tuesday.
This reading came in better than the market expectation for a deficit of $68.5 billion.
"December exports were $250.2 billion, $2.2 billion less than November exports," the publication further read. "December imports were $317.6 billion, $4.2 billion more than November imports."
Market reaction
The US Dollar Index preserves its bullish momentum after this data and was last seen trading at its highest level in nearly a month at 103.85, rising 0.22% on a daily basis.
Author
Eren Sengezer
FXStreet
As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.
