US Trade Balance deficit rose to $51.4 billion
US Trade Balance deficit was $51.4 billion in March, up$15.5 billion from $35.9 billion in February, revised. Analysts were anticipating rise to $41.2 billion. March exports were $187.8 billion, $1.6billion more than February exports. March imports were $239.2 billion, $17.1 billion more than February imports.
The March increase in the goods and services deficit reflected an increase in the goods deficit of $14.9 billion to $70.6 billion and a decrease in the services surplus of $0.6 billion to $19.2 billion. Year-to-date, the goods and services deficit increased $6.4 billion, or 5.2%, from the same period in 2014. Exports decreased $11.7 billion or 2.0%. Imports decreased $5.3 billion or 0.8%.
After the data USD fell against its major rivals. Euro is currently being traded few points above 1.1150 area, Sterling is around 1.5120 level, while Aussie is at 0.79 handle. Later today, Non-Manufacturing PMI figures are scheduled for a release.
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