Investing.com – The U.S. trade deficit unexpectedly narrowed in November, 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 USD38.3 billion, compared to a deficit of USD38.4 billion un October, whose figure was revised down from a deficit of USD38.7 billion.
Analysts had expected the U.S. trade deficit to widen to USD40.6 billion in November.
Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD jumping 0.79% to hit 1.3235.
Meanwhile, the outlook for U.S. equity markets was downbeat. The Dow Jones Industrial Average futures indicated a drop of 0.11%, S&P 500 futures pointed to a decline of 0.12% and Nasdaq 100 futures decreased 0.08%.
In a report, the U.S. Bureau of Economic Analysis said that the U.S. trade deficit narrowed to a seasonally adjusted USD38.3 billion, compared to a deficit of USD38.4 billion un October, whose figure was revised down from a deficit of USD38.7 billion.
Analysts had expected the U.S. trade deficit to widen to USD40.6 billion in November.
Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD jumping 0.79% to hit 1.3235.
Meanwhile, the outlook for U.S. equity markets was downbeat. The Dow Jones Industrial Average futures indicated a drop of 0.11%, S&P 500 futures pointed to a decline of 0.12% and Nasdaq 100 futures decreased 0.08%.