Investing.com - The U.S. current account deficit narrowed unexpectedly in the third quarter, official data showed on Tuesday.
In a report, the U.S. Bureau of Economic Analysis said the country’s current account deficit narrowed to a seasonally adjusted USD94.8 billion in the three months ended September 30, from a revised deficit of USD96.6 billion. Analysts had expected the U.S. current account deficit to widen to USD100.0 billion in the third quarter.
Following the release of the data, the U.S. dollar was little changed against the euro, with EUR/USD shedding 0.01% to trade at 1.3761.
Meanwhile, U.S. stock future indices pointed to a modestly higher open. The Dow Jones Industrial Average futures pointed to a gain of 0.15% at the open, S&P 500 futures indicated an increase of 0.05%, while the Nasdaq 100 futures signaled a rise of 0.1%.
In a report, the U.S. Bureau of Economic Analysis said the country’s current account deficit narrowed to a seasonally adjusted USD94.8 billion in the three months ended September 30, from a revised deficit of USD96.6 billion. Analysts had expected the U.S. current account deficit to widen to USD100.0 billion in the third quarter.
Following the release of the data, the U.S. dollar was little changed against the euro, with EUR/USD shedding 0.01% to trade at 1.3761.
Meanwhile, U.S. stock future indices pointed to a modestly higher open. The Dow Jones Industrial Average futures pointed to a gain of 0.15% at the open, S&P 500 futures indicated an increase of 0.05%, while the Nasdaq 100 futures signaled a rise of 0.1%.