Investing.com - Financial Markets Worldwide
⏳ Final hours! Save up to 60% OFF InvestingProCLAIM SALE

U.S. trade deficit narrows by 7.7% to $39.0 billion in November

Published 01/07/2015, 08:34 AM
U.S. trade deficit narrows by 7.7% in November
EUR/USD
-
GBP/USD
-
USD/JPY
-
DX
-
GC
-
ESZ24
-
CL
-
1YMZ24
-
NQZ24
-

Investing.com - The U.S. trade deficit narrowed more than expected in November, as exports dropped 1.0% and imports fell 2.2%, official data showed on Wednesday.

In a report, the U.S. Bureau of Economic Analysis said that the U.S. trade deficit narrowed to a seasonally adjusted $39.0 billion in November from a deficit of $42.25 billion in October, whose figure was revised from a previously reported deficit of $43.4 billion.

Analysts had expected the U.S. trade deficit to narrow to $42.0 billion in November.

U.S. exports fell 1.0% to $196.40 billion in November, while imports declined 2.2% to $235.40 billion.

EUR/USD was trading at 1.1828 from around 1.1827 ahead of the release of the data, GBP/USD was at 1.5108 from 1.5110 earlier, while USD/JPY was at 119.41 compared to 119.46 earlier.

The US dollar index, which tracks the greenback against a basket of six major rivals, was at 92.27, compared to 92.29 ahead of the report.

Meanwhile, U.S. stock index futures remained higher. The Dow futures indicated a gain of 0.75% at the open, the S&P 500 futures pointed to a rise of 0.75%, while the Nasdaq 100 futures indicated an increase of 0.7%.

Elsewhere, in the commodities market, gold futures traded at $1,210.10 a troy ounce, compared to $1,210.40 ahead of the data, while crude oil traded at $48.44 a barrel from $48.57 earlier.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.