Investing.com - The U.S. trade deficit narrowed significantly in November, falling to the lowest level since 2009 as exports to China rose to an all-time high, official data showed on Tuesday.
In a report, the U.S. Bureau of Economic Analysis said that the U.S. trade deficit narrowed to a seasonally adjusted USD34.25 billion in November from a deficit of USD39.33 billion in October, whose figure was revised from a previously reported deficit of USD40.6 billion. Analysts had expected the U.S. trade deficit to widen to USD40 billion in November.
The data showed that U.S. exports totaled USD194.86 billion, while imports came in at USD229.11 billion.
Following the release of the data, the U.S. dollar held on to modest losses against the euro, with EUR/USD adding 0.04% to trade at 1.3633.
Meanwhile, U.S. stock index futures remained higher. The Dow Jones Industrial Average futures indicated a gain of 0.45% at the open, S&P 500 futures pointed to an increase of 0.4%, while the Nasdaq 100 futures indicated a rise of 0.5%.
In a report, the U.S. Bureau of Economic Analysis said that the U.S. trade deficit narrowed to a seasonally adjusted USD34.25 billion in November from a deficit of USD39.33 billion in October, whose figure was revised from a previously reported deficit of USD40.6 billion. Analysts had expected the U.S. trade deficit to widen to USD40 billion in November.
The data showed that U.S. exports totaled USD194.86 billion, while imports came in at USD229.11 billion.
Following the release of the data, the U.S. dollar held on to modest losses against the euro, with EUR/USD adding 0.04% to trade at 1.3633.
Meanwhile, U.S. stock index futures remained higher. The Dow Jones Industrial Average futures indicated a gain of 0.45% at the open, S&P 500 futures pointed to an increase of 0.4%, while the Nasdaq 100 futures indicated a rise of 0.5%.