Home US: Focus on trade balance – Rabobank
FXStreet News

US: Focus on trade balance – Rabobank

Rabobank analysts point out that the US Census Bureau will release the trade balance for March and will be a key economic release for the day.

Key Quotes

“The first two months of the year showed some narrowing in the trade deficit, and a further decline may have President Trump believing that his tariffs are helping out. However, the recent narrowing of the trade deficit may have been driven by temporary factors such as a production stop in China during the lunar New Year, as well as the build-up of inventories in the US during the second half of last year.”

“Once this inventory depletes, imports inevitably have to pick up pace again, putting renewed pressure on the trade balance.”

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.