Sasha Singh
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Widened Trade Deficit Has Little Impact on USD

This morning, the Bureau of Economic Analysis released data on the US Trade Balance for December 2013 indicating that due to a decrease in exports, the trade balance widened.  This could have a negative impact on the advance Q4 growth estimate. 

According to the report,  the trade gap widened around 12% to $38.7 billion. Economists were expecting the trade balance to widen to $36 billion in December. The 2013 trade defecit figure was the smallest it had been since 2009 at around $471.5 billion. 

Source: Reuters