US Trade Balance deficit rose more than expected
US goods and services deficit was $48.3 billion in August, up $6.5 billion from $41.8 billion in July, revised. Analysts were predicting increase to $47.8 billion. August exports were $185.1 billion, $3.7 billion less than July exports. August imports were $233.4 billion, $2.8 billion more than July imports.
The August increase in the goods and services deficit reflected an increase in the goods deficit of $6.6 billion to $67.9 billion and an increase in the services surplus of $0.1 billion to $19.6 billion.Year-to-date, the goods and services deficit increased $17.6 billion, or 5.2% from the same period in 2014. Exports decreased $58.9 billion or 3.8 percent. Imports decreased $41.3 billion or 2.2%.
After the data USD edged lower. Euro is currently being traded around 1.1250 area, Sterling is at 1.52 handle, while Aussie is few points above 0.7020 level.
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