US: International trade deficit widened to $64.2 billion in March
- Goods Trade Balance falls to -$64.2 billion in the US.
- US Dollar Index stays deep in the negative territory after the data.
The international trade deficit of the United States widened to $64.2 billion in March from $59.9 billion in February, the data published by the US Census Bureau showed on Tuesday. This reading came in worse than the market expectation for a deficit of $62.67 billion.
"Exports of goods for March were $127.6 billion, $9.1 billion less than February exports," the press release further read. "Imports of goods for March were $191.9 billion, $4.8 billion less than February imports."
Market reaction
The US Dollar Index paid little to no attention to this data and was last seen down 0.55% on the day at 99.50.
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.
