U.S. trade deficit fell to $55.0 bln in March

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Wednesday May 11, 09:45

U.S. trade deficit fell to $55.0 bln in March

(by Mark Riley)

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The U.S. trade deficit fell to $55.0 bln in March. This is the largest drop in over three years. Analysts were forecasting $61.5 bln. Import fell 2.5% to $157.2 bln. Imports from China fell 4.4% to $16.2 bln. Export rose to a new record of $102.2 bln.

After the data the euro tumbled to $1.2800 from $1.2875 before the release.

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