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US trade balance likely narrowed in January - Nomura

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Research Team at Nomura, suggests that the US container data suggest that both exports and imports declined in January.

    Key Quotes

    “However, a decline in goods in goods inflows outpaced a moderate decline in goods outflows on the month. As a result, we forecast that the trade deficit narrowed to -$40.9bn in January from -$43.4bn in December. The trade balance for January could have a material impact on Q1 GDP tracking and is now especially important, given the impact of slower global growth and other external developments that have weighed on some domestic sectors.”
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