- US: Goods and services trade deficit rises to $78.2 billion in October
Market news
6 December 2022
US: Goods and services trade deficit rises to $78.2 billion in October
- US October Goods and Services Trade Balance came in at -$78.2 billion in October.
- US Dollar Index stays in negative territory at around 105.00.
The United States (US) international goods and services deficit rose by $4 billion to $78.2 billion in October, the data published jointly by the US Census Bureau and the US Bureau of Economic Analysis revealed on Tuesday. This reading came in slightly lower than the market expectation for a deficit of $79.1 billion.
"October exports were $256.6 billion, $1.9 billion less than September exports," the publication further read. "October imports were $334.8 billion, $2.2 billion more than September imports."
Market reaction
This report doesn't seem to be having a noticeable impact on the US Dollar's performance against its rivals. As of writing, the US Dollar Index was down 0.24% on the day at 105.05.
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