Trade Deficit Narrows to $70.6B in US

Data released by the US Bureau of Statistics and the Bureau of Economic Analysis on Wednesday showed that the United States’ international trade deficit decreased by $ 4.6 billion to $ 70.6 billion in June.

“Exports of goods for June were $ 102.6 billion, $ 12.5 billion more than May exports,” the publication read. “Imports of goods for June were $ 173.2 billion, $ 7.9 billion more than May imports.”

Further details revealed that wholesale stocks fell in June by 2% to $ 629.6 billion, and retail stocks fell by 2.6% to $ 588.2 billion.

Market participants largely ignored these figures, and the Dollar Index saw a 0.07% loss on the day to 93.66.