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With the value of exports rising and the value of imports falling, the Commerce Department released a report on Thursday showing a notably narrower U.S. trade deficit in the month of July. The report said the trade deficit narrowed to $41.9 billion in July from a revised $45.2 billion in June.
EURUSD M5: 166 pips price movement by USD - Trade Balance news event:
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A day ahead of tomorrow's monthly jobs report, the Labor Department released a report on Thursday showing that first-time claims for U.S. unemployment benefits rose more than expected in the week ended August 29th.
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After reporting a substantial acceleration in the pace of U.S. service sector growth in the previous month, the Institute for Supply Management released a report on Thursday showing a modest slowdown in the pace of growth in August.
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Consumer credit in the U.S. increased by more than expected in the month of July, according to a report released by the Federal Reserve on Tuesday.
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Wholesale inventories in the U.S. unexpectedly saw a modest decrease in the month of July, according to a report released by the Commerce Department on Thursday. The report said wholesale inventories edged down by 0.1 percent in July.
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With a drop in energy prices offset by a continued increase in service prices, the Labor Department released a report on Thursday showing that U.S. producer prices came in flat in the month of August.
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Consumer sentiment in the U.S. has seen a substantial deterioration in early September, according to the University of Michigan's preliminary report on consumer sentiment during the month. The report said the consumer sentiment index tumbled to 85.7 in September from the final August reading of 91.9.
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With an increase in retail inventories partly offset by decreases in manufacturing and wholesale inventories, the Commerce Department released a report on Tuesday showing a modest uptick in total business inventories in the month of July.
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Existing home sales in the U.S. fell by much more than expected in the month of August, according to a report released by the National Association of Realtors on Monday. NAR said existing home sales tumbled by 4.8 percent to a seasonally adjusted annual rate of 5.31 million in August.
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Durable goods orders fell 2% in August, according to statistics released by the U.S. Department of Commerce on Thursday. This matched the expectation of economists.
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