US Trade deficit $30.7 bln; slightly narrower

The US trade deficit was slightly narrower than expected in August, coming in at $30.7 bln versus expectations for $33.00 bln. A narrower deficit is a long-term dollar positive but a short-term negative as it shows weak US consumption.

America, the country that doesn’t export anything, exported $132.9 bln, the highest amount since December of last year.

Markets are little changed with EUR/USD at 1.4745.