Investing.com - The U.S. trade deficit widened broadly in line with market expectations in August, 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 USD44.2 billion in August from a deficit of USD42.5 billion in July, whose figure was revised from a deficit of USD42.0 billion.
Analysts had expected the U.S. trade deficit to widen to USD44.0 billion.
U.S. exports in August totaled USD181.3 billion, while U.S. imports stood at USD225.5 billion.
The U.S. trade deficit with Germany rose to a record high USD5.7 billion in August.
Following the release of the data, the U.S. dollar held on to losses against the euro, with EUR/USD rising 0.38% to trade at 1.2925.
Meanwhile, U.S. stock index futures remained higher. The Dow Jones Industrial Average futures pointed to a rise of 0.4% at the open, S&P 500 futures indicated a gain of 0.5%, while the Nasdaq 100 futures signaled an increase of 0.6%.
In a report, the U.S. Bureau of Economic Analysis said that the U.S. trade deficit widened to a seasonally adjusted USD44.2 billion in August from a deficit of USD42.5 billion in July, whose figure was revised from a deficit of USD42.0 billion.
Analysts had expected the U.S. trade deficit to widen to USD44.0 billion.
U.S. exports in August totaled USD181.3 billion, while U.S. imports stood at USD225.5 billion.
The U.S. trade deficit with Germany rose to a record high USD5.7 billion in August.
Following the release of the data, the U.S. dollar held on to losses against the euro, with EUR/USD rising 0.38% to trade at 1.2925.
Meanwhile, U.S. stock index futures remained higher. The Dow Jones Industrial Average futures pointed to a rise of 0.4% at the open, S&P 500 futures indicated a gain of 0.5%, while the Nasdaq 100 futures signaled an increase of 0.6%.