US Trade Balance deficit widen to $43.8 billion
The goods and services deficit was $43.8 billion in June, up $2.9 billion from $40.9 billion in May, revised. Analysts were anticipating smaller deficit of $42.9 billion. June exports were $188.6 billion, $0.1 billion less than May exports. June imports were $232.4 billion, $2.8 billion more than May imports.
The June increase in the goods and services deficit reflected an increase in the goods deficit of $2.9 billion to $63.5 billion and a decrease in the services surplus of less than $0.1 billion to $19.7 billion. Year-to-date, the goods and services deficit increased $1.6 billion, or 0.6 percent, from the same period in 2014. Exports decreased $33.4 billion or 2.9%. Imports decreased $31.8 billion or 2.2%.
Data did not have any major impact on the markets. Euro is currently being traded around 1.09 handle, Sterling is few points above 1.5630 level, while Aussie is around 0.7380 area.
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