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U.S. trade deficit widens by 7.6% to $43.0 billion in September

Published 11/04/2014, 08:38 AM
Updated 11/04/2014, 08:38 AM
U.S. trade deficit widens by 7.6% in September

U.S. trade deficit widens by 7.6% in September

Investing.com - The U.S. trade deficit widened more than expected in September, as exports dropped 1.5% and imports were largely unchanged, official data showed on Tuesday.

In a report, the U.S. Bureau of Economic Analysis said that the U.S. trade deficit widened to a seasonally adjusted $43.03 billion last month from a deficit of $39.99 billion in August, whose figure was revised from a previously reported deficit of $40.1 billion.

Analysts had expected the U.S. trade deficit to widen to $40.0 billion in September.

U.S. exports fell 1.5% to $195.59 billion in September, while imports were unchanged at $238.62 billion.

EUR/USD was trading at 1.2523 from around 1.2519 ahead of the release of the data, while GBP/USD was at 1.6006 from 1.6002 earlier.

Meanwhile, U.S. stock index futures remained lower. The Dow futures indicated a loss of 0.2% at the open, the S&P 500 futures pointed to a drop of 0.25%, while the Nasdaq 100 futures indicated a decline of 0.3%.

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