US February trade balance data now out 5 April

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US trade deficit showing no signs of improvement and frankly as a net importing nation, like the UK, will not be benefitting from any USD weakness.

Trump between a rock and a hard place over trade issues.

  • February exports were $204.4 billion, $3.5 billion more than January exports.
  • February imports were $262.0 billion, $4.4 billion more than January imports.
  • The February increase in the goods and services deficit reflected an increase in the goods deficit of $0.3 billion to $77.0 billion and a decrease in the services surplus of $0.6 billion to $19.4 billion.
  • Year-to-date, the goods and services deficit increased $21.1 billion, or 22.7 percent, from the same period in 2017. Exports increased $22.4 billion or 5.9 percent. Imports increased $43.6 billion or 9.1 percent.

Full report here.

USDJPY 107.11 still finding sellers poised. GBPUSD holding 1.4000 after the pre data drop. USDCAD 1.2790 from 1.2802 post-Canadian trade data.