US Trade Deficit Widens to $54.6 B in May

Data released by the US Census Bureau and the Office of Economic Analysis said on Thursday that the United States’ international trade deficit widened to $ 54.6 billion in May from $ 49.8 billion in April. That recording was worse than the market expected; the market expected a deficit of $ 53 billion.

May exports were $144.5 billion, $6.6 billion less than April exports,” the press release further read. “May imports were $199.1 billion, $1.8 billion less than April imports.

The market remains optimistic, and the US dollar is looking for demand with the dollar index down 0.22% at the time of writing.