The US trade deficit has been the topic of much handwringing in Washington as the Trump Administration continues to threaten that most current trade pacts are bad and that they all need to be renegotiated.
In an article appearing on Friday, Oct 5, Ana Swanson of the New York Times, writes in U.S. Trade Deficit Shrank in August as Exports Rose about how that might be impacted by US August trade numbers - which were better than expected:
Josh Feinman, the chief economist of Deutsche Asset Management, said those trends were largely the result of a strengthening global economy that buoyed American exports, as well as the weakening of the value of the dollar.
“Global growth is looking better,” Mr. Feinman said. “That does create a little bit of a tailwind for exports.” He cautioned that the economic impact of Hurricane Harvey, which made landfall in Texas on Aug. 25, could be distorting the data somewhat, as ports closed and people stayed home from work and shops.
Despite the narrowing in August, the overall trade deficit is still growing on an annual basis. It was up 8.8 percent in the first eight months from the same period in 2016, according to Commerce Department data.
It will be interesting to see if this changes the political sentiment coming from the White House.
Read the source article at The New York Times
The information contained above may have been prepared by independent third parties contracted by Nadex. In addition to the disclaimer below, the material on this page is for informational and educational purposes only and should not be considered an offer or solicitation to buy or sell any financial instrument on Nadex or elsewhere. Please note, exchange fees may not be included in all examples provided. View the current Nadex fee schedule. Nadex accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representations or warranties are given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk and any trading decisions that you make are solely your responsibility Trading on Nadex involves financial risk and may not be appropriate for all investors. Past performance is not necessarily indicative of future results. Nadex instruments include forex, stock indexes, commodity futures, and economic events.
Nadex binary options and spreads can be volatile and investors risk losing their investment on any given transaction. However, the limited-risk nature of Nadex contracts ensures investors cannot lose more than the cost to enter the transaction. Nadex is subject to U.S. regulatory oversight by the CFTC.