Investing.com - The U.S. current account deficit widened more than expected in in the final three months of 2014, official data showed on Thursday.
In a report, the U.S. Bureau of Economic Analysis said the country’s current account deficit rose by 14.8% to a seasonally adjusted $113.5 billion in the fourth quarter from a revised deficit of $98.9 billion in the third quarter.
Analysts had expected the U.S. current account deficit to widen to $103.2 billion in the fourth quarter.
EUR/USD was trading at 1.0641 from around 1.0667 ahead of the release of the data, GBP/USD was at 1.4837 from 1.4854 earlier, while USD/JPY was at 120.93 from 120.86 earlier.
The US dollar index, which tracks the greenback against a basket of six major rivals, was at 99.44, compared to 99.31 ahead of the report.
Meanwhile, U.S. stock futures pointed to a modestly lower open. The Dow futures pointed to a drop of 0.2%, the S&P 500 futures shed 0.25%, while the Nasdaq 100 futures dipped 0.1%.
Elsewhere, in the commodities market, gold futures traded at $1,160.70 a troy ounce, compared to $1,162.30 ahead of the data, while crude oil traded at $45.13 a barrel from $45.11 earlier.