- US: Goods and services deficit narrow to $70.6 billion in July vs. $70.3 billion expected
Market news
7 September 2022
US: Goods and services deficit narrow to $70.6 billion in July vs. $70.3 billion expected
- International goods and services deficit of the US narrowed sharply in July.
- US Dollar Index clings to strong daily gains above 110.50.
The data published by the US Census Bureau showed on Wednesday that the goods and services deficit narrowed by $10.2 billion to $70.6 billion in July. This reading came in slightly higher than the market expectation for a deficit of $70.3 billion.
"July exports were $259.3 billion, $0.5 billion more than June exports," the publication further read. "July imports were $329.9 billion, $9.7 billion less than June imports."
Market reaction
These figures failed to trigger a significant market reaction and the US Dollar Index was last seen gaining 0.4% on the day at 110.68.
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