US June trade balance data now out 4 Aug
- USD -46.4bln prev revised up from -46.5bln
- real goods exports surged to an all-time high of $126.9bln , buoyed by record petroleum exports
- exports of goods and services +1.2% to $194.4bln, highest since Dec 2014
- imports of goods from China increased 1.2% with US-China trade deficit +3.1% to 32.6ln
Exports hitting 2 1/2 year highs sees a decent improvement in the trade deficit to the lows levels since Oct 2016 and beating expectations.
Also out:
Canadian June trade balance data:
- CAD - 3.6bln vs -1.25bln eXp vs -1.36bln prev revised down from -1.09bln
Big miss sees USDCAD posting higher at 1.2616 helped by stronger US jobs data but sellers emerging.
US Trade balance mm
Canadian trade balance mm
