- Trade deficit narrows slightly in September as expected.
- The US Dollar Index clings to its daily gains ahead of ISM Non-Manufacturing PMI data.
According to the data published by the United States (US) Census Bureau, the international trade deficit of the US narrowed to $52.5 billion in September from $55 billion in August and matched analysts’ estimate.
The US Dollar Index, which tracks the dollar’s value against a basket of six major currencies, showed no reaction to the data and was last seen at 97.68, adding 0.13% on the day.
Later in the session, the Institue for Supply Management’s Non-Manufacturing Purchasing Managers’ Index (PMI) will be looked upon for fresh impetus.
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