According to the latest data from the Bureau of Economic Analysis and US Census Bureau, the US Goods and Services Trade deficit remained at $89.2B in February after posting the same number in January. That was above expectations for a slight decline to $88.5B. The Goods Trade deficit was $107.5B in February, up from $106.6B the month before, and the Services Trade surplus was $18.3B in February, up from $17.4B a month earlier. 

Market Reaction

There was no market reaction to the latest US trade data, with focus turning to ISM Services PMI data out at 1500BST and Fed speak thereafter.