US: Goods and services trade deficit widens to $71.1 billion in February
- US Goods and Services Trade Balance arrived at -$71.1 billion in February.
- US Dollar Index clings to small daily gains above 92.30 after the data.
The goods and services deficit of the US widened by $3.3 billion to $71.1 billion in February, the data published jointly by the US Census Bureau and the US Bureau of Economic Analysis showed on Wednesday.
"February exports were $187.3 billion, $5.0 billion less than January exports," the publication further read. "February imports were $258.3 billion, $1.7 billion less than January imports."
Market reaction
This report doesn't seem to be having a significant impact on the greenback's performance against its rivals. As of writing, the US Dollar Index was up 0.05% on the day at 92.34.
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.
