Published: Tue, 12 May 2009 14:43:00 +0200
U.S. Trade deficit widens to $27.58B in March; Dollar weakens further
FXstreet.com (Barcelona) - U.S. deficit in goods and services trade has widened to $27.58B in March from revised $26.13B in February, according to data released by the U.S. Commerce Department.
Trade gap increase been lower than expected, as market analysts has forecasted a trade gap of around $28.90 billion.
USD/JPY has continued dropping, reaching levels below 97.00. The Dollar has hit a fresh two ?week low at 96.70.
EUR/USD has continued appreciating; the Euro reaches prices above 1.3700 for the first time since end of March.
GBP/USD rally extends reaching levels well above 1.5300; the Pound has hit a fresh 4-month high at 1.5350 moments after the U.S.trade data.
By Fxstreet.com
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