US: International trade deficit narrows to $87.3 billion in August

US international trade deficit narrowed by $29 billion in August.
US Dollar Index clings to small daily gains above 114.00.

Eren Sengezer FXStreet

The data published by the US Census Bureau showed on Wednesday that the US international trade deficit declined by $2.9 billion to $87.3 billion in August from $90.2 billion in July.

"Exports of goods for August were $179.8 billion, $1.7 billion less than July exports," the publication read. "Imports of goods for August were $267.1 billion, $4.6 billion less than July imports."

Moreover, the report revealed that the Wholesale Inventories rose by 1.3% in August, higher than the market expectation for an increase of 0.7%.

Market reaction

The US Dollar Index showed no immediate reaction to this report and was last seen posting small daily gains at 114.25.

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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