Investing.com - The U.S. trade deficit was little changed in July, holding just above the 18-month low gap hit in June, official data showed on Tuesday.
In a report, the U.S. Bureau of Economic Analysis said that the U.S. trade deficit widened to a seasonally adjusted USD42.0 billion in July from deficit of USD41.9 billion in June, whose figure was revised from a deficit of USD42.9 billion.
Analysts had expected the U.S. trade deficit to widen to USD44.0 billion.
U.S. exports in July totaled USD183.27 billion, while U.S. imports stood at USD225.27 billion.
The U.S. trade deficit with China totaled USD24.4 billion in July, narrowing from USD27.4 billion in June.
Following the release of the data, the U.S. dollar remained lower against the euro, with EUR/USD adding 0.17% to trade at 1.2781.
Meanwhile, U.S. stock index futures held on to modest gains following the data. The Dow Jones Industrial Average futures indicated a rise of 0.35%, S&P 500 futures climbed 0.35%, while the Nasdaq 100 futures added 0.35%.
In a report, the U.S. Bureau of Economic Analysis said that the U.S. trade deficit widened to a seasonally adjusted USD42.0 billion in July from deficit of USD41.9 billion in June, whose figure was revised from a deficit of USD42.9 billion.
Analysts had expected the U.S. trade deficit to widen to USD44.0 billion.
U.S. exports in July totaled USD183.27 billion, while U.S. imports stood at USD225.27 billion.
The U.S. trade deficit with China totaled USD24.4 billion in July, narrowing from USD27.4 billion in June.
Following the release of the data, the U.S. dollar remained lower against the euro, with EUR/USD adding 0.17% to trade at 1.2781.
Meanwhile, U.S. stock index futures held on to modest gains following the data. The Dow Jones Industrial Average futures indicated a rise of 0.35%, S&P 500 futures climbed 0.35%, while the Nasdaq 100 futures added 0.35%.