US: International trade deficit widens to $83.7 billion in January

US' Goods Trade Balance declined to -$83.7 in January.
US Dollar Index stays above 90.50 after the data.

Eren Sengezer FXStreet

The international trade deficit of the US expanded by $0.5 billion to $83.7 billion in January, the data released by the US Census Bureau showed on Friday.

"Exports of goods for January were $135.2 billion, $1.9 billion more than December export," the publication further read. "Imports of goods for January were $218.9 billion, $2.5 billion more than December imports."

Finally, Wholesale Inventories in the same period increased by 1.3%.

Market reaction

The US Dollar Index showed no immediate reaction to this report and was last seen gaining 0.47% on the day at 90.55.

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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