US: International trade deficit narrowed to $45.3 billion in January
- Trade Balance of US came in at -$45.3 billion in January.
- US Dollar Index struggles to stage a meaningful recovery.
The international trade deficit of the US narrowed to $45.3 billion in January from $48.6 billion in December, the data published jointly by the US Census Bureau and the US Bureau of Economic Analysis showed on Friday.
"January exports were $208.6 billion, $0.9 billion less than December exports," the publication read. "January imports were $253.9billion, $4.2 billion less than December imports."
USD reaction
The US Dollar Index, which tracks the USD's performance against a basket of six major currencies, continues to trade in the negative territory below the 96 handle.
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.
