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US: Goods and services deficit was $43.7 bln in March, down $0.1 bln from $43.8 bln in February

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, published its latest International Trade in Goods and Services report, with the key highlights found below:

  • The goods and services deficit was $43.7 billion in March, down $0.1 billion from $43.8 billion in February, revised. March exports were $191.0 billion, $1.7 billion less than February exports. March imports were $234.7 billion, $1.7 billion less thanFebruary imports.

  • The March decrease in the goods and services deficit reflected an increase in the goods deficit of $0.4 billion to $65.5 billion and an increase in the services surplus of $0.4 billion to $21.8 billion.

  • Year-to-date, the goods and services deficit increased $9.4 billion, or 7.5 percent, from the same period in 2016. Exports increased $38.0 billion or 7.1 percent. Imports increased $47.5 billion or 7.1 percent.

US: Productivity declines 0.6% in 1st quarter 2017 (annual rate); unit labor costs rise 3.0%

Key quotes from the official report of the U.S. Bureau of Labor Statistics: Nonfarm business sector labor productivity decreased at a 0.6-percent a
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EUR/USD remains capped below mid-1.0900s post-US data, Draghi awaited

The EUR/USD pair once again failed to break through its immediate strong hurdle near mid-1.0900s and trimmed some of its early gains following the rel
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