Investing.com - The U.S. trade deficit widened more-than-expected in January, official data showed on Thursday.
In a report, the U.S. Bureau of Economic Analysis said that the U.S. trade deficit widened to a seasonally adjusted USD44.5 billion in January from a deficit of USD38.1 billion in December, whose figure was revised from a previously reported deficit of USD38.5 billion.
Analysts had expected the U.S. trade deficit to widen to USD42.6 billion.
Following the release of the data, the U.S. dollar remained lower against the euro, with EUR/USD rising 0.61% to trade at 1.3047.
Meanwhile, U.S. stock index futures held on to modest gains. The Dow Jones Industrial Average futures pointed to an increase of 0.25% at the open, S&P 500 futures indicated a gain of 0.2%, while the Nasdaq 100 futures signaled a 0.2% advance.
In a report, the U.S. Bureau of Economic Analysis said that the U.S. trade deficit widened to a seasonally adjusted USD44.5 billion in January from a deficit of USD38.1 billion in December, whose figure was revised from a previously reported deficit of USD38.5 billion.
Analysts had expected the U.S. trade deficit to widen to USD42.6 billion.
Following the release of the data, the U.S. dollar remained lower against the euro, with EUR/USD rising 0.61% to trade at 1.3047.
Meanwhile, U.S. stock index futures held on to modest gains. The Dow Jones Industrial Average futures pointed to an increase of 0.25% at the open, S&P 500 futures indicated a gain of 0.2%, while the Nasdaq 100 futures signaled a 0.2% advance.