There will be several data releases over the course of this week however, a key one to watch will be America’s balance of trade which is scheduled in for tomorrow after lunch.
In the previous data, the US trade gap widened to a three-month high of $73.3bn, from a downwardly revised $65.7bn deficit the month before and above market forecasts of $72.2 bn. The latest figures reflect an increase in the goods deficit of $6.6bn to $92.7bn and a decrease in the services surplus of $1.0bn to $19.5bn.
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