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26 Oct 2022

US: International trade deficit widens to $92.2 billion in September

International trade deficit of the US widened in September.
US Dollar Index stays deep in negative territory but holds above 110.00.

The data published by the US Census Bureau showed on Wednesday that the US international trade deficit widened by $4.9 billion to $92.2 billion in September from $87.3 billion in August.

"Exports of goods for September were $177.6 billion, $2.8 billion less than August exports," the publication further revealed. "Imports of goods for September were $269.8 billion, $2.2 billion more than August imports."

Market reaction

The US Dollar Index recovered slightly from multi-week lows it touched earlier in the day and was last seen losing 0.45% on the day at 110.38.

Oct 26, 2022

When is the BoC monetary policy decision and how could it affect USD/CAD?

The Bank of Canada (BoC) is scheduled to announce its monetary policy decision this Wednesday at 14:00 GMT. The Canadian central bank is widely expect

GBP/USD eases from multi-week top, still well bid around mid-1.1500s amid weaker USD

The GBP/USD pair retreats a few pips from a six-week high touched earlier this Wednesday and is trading around mid-1.1500s during the early North Amer