US trade deficit for October records higher reading

US October Goods and Services Trade Balance edged up to record -$78.2 billion in October. The US dollar Index stays in negative territory at around 105.00.

The data jointly published by the US Census Bureau and the US Bureau of Economic Analysis revealed on Tuesday that the US international goods and services deficit surged by $4 billion to $78.2 billion in October.

This reading came in slightly lower than the market expectation for a deficit of $79.1 billion. “October exports were $256.6 billion, $1.9 billion less than September exports,” the publication further read. “October imports were $334.8 billion, $2.2 billion more than September imports.”

This report doesn’t seem to have any immediate impact on the performance of the US dollar against its rivals. As of writing, the US Dollar Index was down 0.24% on the day at 105.05.