US Trade Deficit - FX Solutions Market Update

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by: fxsolutions
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Date: Thu, 27 Oct 2011 Time: 2:42 PM
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Joseph Trevisani, Chief Market Analyst at FX Solutions (http://www.fxsolutions.com/), provides forex traders with an overview of currency market activity and news around US trade deficit.

"The United States trade deficit for August dropped to its lowest level in four months at $45.6 billion as strong exports kept the manufacturing sector buoyant. Economists had predicted a deficit of $45.8 billion.

Exports recorded a near record $177.61 billion, only slightly off July's record of $177.71 billion. Imports at $223.22 billion were fore than eight billion dollar below the record set in July 2008 of $231.65 billion. This was the third monthly decline in imports in a row from the recent high of $225.86 billion in May. This is an indication that the US economy may indeed be slowing as demand for overseas goods drops.

Sales to Latin American and Asia, homes to the largest groups of expanding economies led the parade of buyers for US goods. However the size of the American economy compared to its overseas trade makes exports a relatively minor contributor to national production."

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About FX Solutions

FX Solutions is an online forex trading dealer with a focus on advanced trading technologies, transparency of transaction and unparalleled customer service. FX Solutions serves retail clients, white label partners, institutional trading partners and introducing brokers in over 140 countries.
FX Solutions' products are regulated in the United States, United Kingdom and Australia. FX Solutions in the United States is regulated as a member of National Futures Association, and registered with the Commodity Futures Trading Commission as a Futures Commission Merchant. In the United Kingdom, FX Solutions is a registered trading name of City Index Limited which is authorized and regulated by the Financial Services Authority. FX Solutions in Australia is a registered trading name of City Index Australia Pty Ltd. which is authorized and regulated by the Australian Securities and Investments Commission.

For more information on online currency trading, please visit www.fxsolutions.com www.fxsol.co.uk and www.fxsolutions.com.au