Investing.com - The U.S. trade deficit widened more than expected in February, as exports increased 1.0% and imports rose 1.3%, official data showed on Tuesday.
In a report, the U.S. Commerce Department said that the trade deficit rose to a seasonally adjusted $47.06 billion from a deficit of $45.88 billion in January, whose figure was revised from a previously reported deficit of $45.7 billion. Analysts had expected the U.S. trade deficit to rise to $46.2 billion in February.
U.S. exports tacked on 1.0% to $178.1 billion, while imports increased 1.3% to $225.2 billion.
EUR/USD was trading at 1.1372 from around 1.1370 ahead of the release of the data, GBP/USD was at 1.4183 from 1.4180 earlier, while USD/JPY was at 110.56 compared to 110.60 earlier.
The US dollar index, which tracks the greenback against a basket of six major rivals, was at 94.72, compared to 94.73 ahead of the report.
Meanwhile, U.S. stock futures pointed to a lower open. The Dow futures indicated a decline 0.6%, the S&P 500 futures indicated a drop of 0.75%, while Nasdaq 100 futures slumped 0.65%.
Elsewhere, in the commodities market, gold futures traded at $1,234.40 a troy ounce, compared to $1,234.00 ahead of the data, while crude oil traded at $35.60 a barrel from $35.70 earlier.