Investing.com - The U.S. current account deficit narrowed broadly in line with market expectations in the fourth quarter of 2012, official data showed on Thursday.
In a report, the U.S. Bureau of Economic Analysis said the country’s current account deficit narrowed to a seasonally adjusted USD110.4 billion in the fourth quarter, from a revised deficit of USD112.4 billion.
Analysts had expected the U.S. current account deficit to widen to USD112.8 billion in the three months ended December 31.
Following the release of the data, the U.S. dollar added to gains against the euro, with EUR/USD shedding 0.37% to trade at 1.2913.
Meanwhile, U.S. stock index futures held on to modest gains. The Dow Jones Industrial Average futures pointed to an increase of 0.2% at the open, S&P 500 futures indicated a gain of 0.3%, while the Nasdaq 100 futures signaled a 0.4% advance.
In a report, the U.S. Bureau of Economic Analysis said the country’s current account deficit narrowed to a seasonally adjusted USD110.4 billion in the fourth quarter, from a revised deficit of USD112.4 billion.
Analysts had expected the U.S. current account deficit to widen to USD112.8 billion in the three months ended December 31.
Following the release of the data, the U.S. dollar added to gains against the euro, with EUR/USD shedding 0.37% to trade at 1.2913.
Meanwhile, U.S. stock index futures held on to modest gains. The Dow Jones Industrial Average futures pointed to an increase of 0.2% at the open, S&P 500 futures indicated a gain of 0.3%, while the Nasdaq 100 futures signaled a 0.4% advance.