Advance goods trade balance for January is due from the US today
- Coming up at 1330 GMT
- I posted a preview here: Coming up during the US session Tuesday ... plenty on the agenda
Expected is a deficit of USD 72.3bn
- prior -72.3bn
Via ANZ, a warning (bolidng mine)
There could be increased attention on January trade balance - Recent USD weakness has been partially attributed to the 'twin deficit' theory
- Given that the lower level of indirect bidders on the seven year auction in the US indicated that there is diminished interest in US bonds from foreigners at the moment, any rapid widening in the trade deficit would be viewed dimly.
