- Analytics
- News and Tools
- Market News
- US: Goods and Services Trade deficit jumps to $109.8B in March versus $107B expected
US: Goods and Services Trade deficit jumps to $109.8B in March versus $107B expected
According to the latest data from the Bureau of Economic Analysis and US Census Bureau, the US Goods and Services Trade deficit jumped to $109.8B in March. That was larger than the expected increase to $107B from $89.8B in February.
The Goods Deficit was $128.14B in March while the Services Surplus was $18.34B. Exports jumped 5.6% MoM in March to $241.72B from $228.82B a month earlier, while imports lept 10.3% to $351.52B from $318.62B a month earlier.
The US trade deficit with China rose to $34B in March, up from $30.67B a month earlier. Meanwhile, the average price of imported crude oil jumped to $87.2 per barrel, up from $76.37 a month earlier, and up nearly 70% from March 2021's $51.54 per barrel.
Market Reaction
The DXY has seen some fairly limited selling pressure in wake of the larger than expected jump in the US trade deficit and is currently at session lows in the 103.20s, though trade will probably remain fairly contained ahead of the Fed meeting later in the day.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
