Investing.com - The U.S. trade deficit narrowed more-than-expected in March, official data showed on Thursday.
In a report, the U.S. Bureau of Economic Analysis said that the U.S. trade deficit narrowed to a seasonally adjusted USD38.8 billion in March from a deficit of USD43.6 billion in February, whose figure was revised from a previously reported deficit of USD43 billion.
Analysts had expected the U.S. trade deficit to narrow to USD42 billion in March.
The trade gap with China shrank to USD17.9 billion, the lowest since March 2010.
Following the release of the data, the U.S. dollar held on to losses against the euro, with EUR/USD adding 0.06% to trade at 1.3188.
Meanwhile, U.S. stock future indices pointed to higher open. The Dow Jones Industrial Average futures rose 0.5%, S&P 500 futures pointed to a gain of 0.6%, while the Nasdaq 100 futures pointed to an increase of 0.6% at the open.
In a report, the U.S. Bureau of Economic Analysis said that the U.S. trade deficit narrowed to a seasonally adjusted USD38.8 billion in March from a deficit of USD43.6 billion in February, whose figure was revised from a previously reported deficit of USD43 billion.
Analysts had expected the U.S. trade deficit to narrow to USD42 billion in March.
The trade gap with China shrank to USD17.9 billion, the lowest since March 2010.
Following the release of the data, the U.S. dollar held on to losses against the euro, with EUR/USD adding 0.06% to trade at 1.3188.
Meanwhile, U.S. stock future indices pointed to higher open. The Dow Jones Industrial Average futures rose 0.5%, S&P 500 futures pointed to a gain of 0.6%, while the Nasdaq 100 futures pointed to an increase of 0.6% at the open.