- US: International trade deficit narrows to $104.3 billion in May
Market news
28 June 2022
US: International trade deficit narrows to $104.3 billion in May
- US' international trade deficit narrowed modestly in May.
- US Dollar Index holds in positive territory above 104.00.
The data published by the US Census Bureau revealed on Tuesday that the United States' international trade deficit narrowed by $2.4 billion to $104.3 billion in May from $106.7 billion in April.
"Exports of goods for May were $176.6 billion, $2.0 billion more than April exports," the publication further read. "Imports of goods for May were $280.9 billion, $0.4 billion less than April imports."
Market reaction
The US Dollar Index continues to edge higher after this report and was last seen rising 0.3% on a daily basis at 104.25.
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