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.

Eren Sengezer FXStreet

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.

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.

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