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This is a discussion on USD - Trade Balance within the Analytics and News forums, part of the Trading Forum category; U.S. Trade Gap Widens on Drop in Exports The U.S. trade deficit widened more than expected in December as exports ...

          
   
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    USD - Trade Balance

    U.S. Trade Gap Widens on Drop in Exports




    The U.S. trade deficit widened more than expected in December as exports fell, which could see the advance fourth-quarter growth estimate trimmed.

    A separate report showed worker productivity rose at a 3.2 percent annual rate during the final three months of 2013, after increasing at a 3.6 percent pace in the third quarter.

    The Commerce Department said Thursday the trade gap increased 12 percent to $38.7 billion. November's shortfall on the trade balance was revised to $34.6 billion from the previously reported $34.3 billion.

    Economists polled by Reuters had forecast the trade deficit widening to $36.0 billion in December. For all of 2013, the trade deficit was $471.5 billion, the smallest since 2009.

    When adjusted for inflation, the trade gap rose to $49.5 billion in December from $45 billion the prior month.

    This measure goes into the calculation of gross domestic product. The government in its advance fourth-quarter GDP estimate last week cited trade as one of the key contributors to the economy's 3.2 percent annual growth pace during the period.

    Trade added 1.33 percentage points to fourth-quarter GDP growth as exports expanded at their quickest pace in three years and imports slowed.

    There are, however, doubts that the robust export growth pace can be sustained in light of slowing growth in markets like China. December's fall in exports could bolster that view.

    In addition, strengthening domestic consumer demand could draw in more imports. That has led economists to anticipate some slowing in economic growth in the first quarter.

    In December, exports dropped 1.8 percent to $191.3 billion. However, petroleum exports hit a record high in December.

    Imports edged up 0.3 percent to $230 billion in December.
    Imports of consumer goods hit a record high, but the impact was limited by a fall in the average price of imported crude oil, which hit its lowest level since February 2011.

    Separately, the Labor Department reported that U.S. nonfarm productivity rose more than expected in the fourth quarter, mirroring the economy's sturdy growth pace, but weak unit labor costs pointed to subdued wage inflation.

    Economists polled by Reuters had forecast productivity, which measures hourly output per worker, rising at a 2.5 percent rate in the last three months of 2013.

    Still, the underlying trend remained soft, with productivity increasing 1.7 percent compared to the same period in 2012. For all of 2013, productivity increased 0.6 percent. That was the smallest gain since 2011 and compared to a 1.5 percent rise in 2012.

    Unit labor costs - a gauge of the labor-related cost for any given unit of output -- fell at a 1.6 percent rate in the fourth quarter, showing weak wage-related inflation pressures in the economy. Unit labor costs fell at a 2.0 percent rate in the third quarter.

    Economists polled by Reuters had expected unit labor costs to fall at a 0.5 percent pace in the fourth quarter. Labor costs were down 1.3 percent from the year-earlier period.

    They were up 1 percent in 2013, the weakest reading since 2010.
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    U.S. Trade Deficit Widens More Than Expected In December

    U.S. Trade Deficit Widens More Than Expected In December



    The U.S. trade deficit widened by more than expected in the month of December, according to a report released by the Commerce Department on Thursday.

    The Commerce Department said the trade deficit widened to $38.7 billion in December from a revised $34.6 billion in November. Economists had expected a deficit of $36.0 billion.

    The wider than expected trade deficit came as the value of imports edged up by 0.3 percent, while the value of exports dropped by 1.8 percent.
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    2013-02-06 13:30 GMT | [USD - Trade Balance]

    • past data is -34.56B
    • forecast data is -36.00B
    • actual data is -38.70B according to the latest press release

    if actual > forecast = good for currency (for USD in our case)
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    U.S. trade deficit widens in December as exports fall




    The U.S. trade deficit widened more than expected in December as exports fell, which could see the advance fourth-quarter growth estimate trimmed.

    The Commerce Department said on Thursday the trade gap increased 12 percent to $38.7 billion. November's shortfall on the trade balance was revised to $34.6 billion from the previously reported $34.3 billion.

    Economists polled by Reuters had forecast the trade deficit widening to $36.0 billion in December. For all of 2013, the trade deficit was $471.5 billion, the smallest since 2009.

    When adjusted for inflation, the trade gap rose to $49.5 billion in December from $45.0 billion the prior month.

    This measure goes into the calculation of gross domestic product. The government in its advance fourth-quarter GDP estimate last week cited trade as one of the key contributors to the economy's 3.2 percent annual growth pace during the period.

    Trade added 1.33 percentage points to fourth-quarter GDP growth as exports expanded at their quickest pace in three years and imports slowed.

    There are, however, doubts that the robust export growth pace can be sustained in light of slowing growth in markets like China. December's fall in exports could bolster that view.

    In addition, strengthening domestic consumer demand could draw in more imports. That has led economists to anticipate some slowing in economic growth in the first quarter.

    In December, exports dropped 1.8 percent to $191.3 billion. However, petroleum exports hit a record high in December.

    Imports edged up 0.3 percent to $230.0 billion in December. Imports of consumer goods hit a record high, but the impact was limited by a fall in the average price of imported crude oil, which hit its lowest level since February 2011.
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    EURUSD M5 : 106 pips price movement by USD - Trade Balance news event :

    USD - Trade Balance-eurusd-m5-metaquotes-software-corp-106-pips-price-movement-.png
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    GBPUSD M5 : 40 pips price movement by USD - Trade Balance news event :

    USD - Trade Balance-gbpusd-m5-metaquotes-software-corp-40-pips-price-movement-.png
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    USDCHF M5 : 84 pips price movement by USD - Trade Balance news event :


    USD - Trade Balance-usdchf-m5-metaquotes-software-corp-84-pips-price-movement-.png
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    XAUUSD M5 : 6715 pips price movement by USD - Trade Balance news event :

    USD - Trade Balance-xauusd-m5-metaquotes-software-corp-6715-pips-price-movement-.png
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    G-20 Balances Chinese, Western Concerns

    G-20 Balances Chinese, Western Concerns

    USD - Trade Balance-w020160321339494061462.jpg


    After strenuous efforts during backroom negotiations running into months, China has managed to get the Group of 20 nations to pledge an end of protectionism in global trade and investments, which has been severely hurting its economy. But it will be a long time before China will reap any benefit, because the G20 gave its members until 2018 to implement the pledge.

    "We extend our commitments to standstill and rollback of protectionist measures till the end of 2018, reaffirm our determination to deliver on it and support the work of the WTO (World Trade Organization), UNCTAD (United Nations Conference on Trade and Development) and OECD (Organization for Economic Cooperation and Development) in monitoring protectionism," the G20 said in a joint communique after a two-day meeting between leaders of 20 wealthier nations.

    "We will work harder to build an open world economy, reject protectionism, promote global trade and investment, including through further strengthening the multilateral trading system and ensure broad-based opportunities through and public support for expanded growth in a globalized economy," the G20 governments said.

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