US Trade Balance deficit rose to $41.1 billion
US goods and services deficit was $41.1 billion in May, up $3.8 billion from $37.4 billion in April, revised. Analysts were anticipating deficit of $40 billion. May exports were $182.4 billion, $0.3 billion less than April exports. May imports were $223.5 billion, $3.4 billion more than April imports.
The May increase in the goods and services deficit reflected an increase in the goods deficit of $3.7 billion to $62.2 billion and a decrease in the services surplus of $0.1 billion to $21.1 billion. Year-to-date, the goods and services deficit decreased $7.2 billion, or 3.5 percent, from the same period in 2015. Exports decreased $47.2 billion or 4.9 percent. Imports decreased $54.3 billion or 4.7 percent.
Euro is currently being traded few points above 1.1080 area, Sterling is at 1.29 level, while Aussie is around 0.75 level.
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