US: Trade deficit narrowed to $63.19 billion in November vs. $68.75 billion expected

US trade deficit declined by more than expected in November.
US Dollar Index erased a small portion of its daily losses on inspiring data.

Eren Sengezer FXStreet

Goods Trade Balance was -$63.2 billion in November in the US, the advanced data published by the US Census Bureau showed on Monday. This reading came in slightly better than the market expectation for a deficit of $68.75 billion.

"Exports of goods for November were $136.4 billion, $0.9 billion more than October exports," the publication further revealed. "Imports of goods for November were $199.6 billion, $2.7 billion less than October imports."

Additionally, Wholesale Inventories remained unchanged in November to match October's reading.

The US Dollar Index rose modestly on the data and was last down 0.15% on a daily basis at 96.89.

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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