The trade report released on Thursday showed the US trade deficit widened, reaching $54.6 billion in May. Analysts at Wells Fargo explained that international trade remained weak in May, but the extent of the decline was less bad. Key Quotes: “Exports remained weak as the global economy continued to grapple with COVID-19. Consumer goods was the only category of goods exports that rose in May. Similarly, consumer goods imports rose at the fastest pace since the end of 2017.” “Industrial supplies imports also saw a strong gain, which, paired with the decline in the ISM supplier deliveries index, is evidence that the logjam in global supply chains may be beginning to break up.” “Services trade remained weak as well and continued to be held back by tourism.” 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. View All Post By FX Street FXStreet News share Read Next USD/JPY sits in the 107.50s, investors now question the US dollar’s safe haven qualities FX Street 3 years The trade report released on Thursday showed the US trade deficit widened, reaching $54.6 billion in May. Analysts at Wells Fargo explained that international trade remained weak in May, but the extent of the decline was less bad. Key Quotes: “Exports remained weak as the global economy continued to grapple with COVID-19. Consumer goods was the only category of goods exports that rose in May. Similarly, consumer goods imports rose at the fastest pace since the end of 2017.” “Industrial supplies imports also saw a strong gain, which, paired with the decline in the ISM supplier deliveries index, is evidence… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
