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.

Eren Sengezer FXStreet

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.

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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