The United States trade deficit edged up in March after decreasing for seven straight months according to a release by the Commerce Department today. The U.S. trade deficit increased by 5.5 percent as the deficit registered $27.6 billion in March 
following a revised deficit of $26.1 billion in February. Today’s data was better than market forecasts that were expecting a deficit of approximately $29.0 billion for the month.
The U.S. had a total of $123.6 billion worth of exports in March which was a decrease of $3.0 billion over February’s total. The exports total for March marked the lowest level since August 2006. March also saw a reduction in imports as it totaled $151.2 billion worth of imports compared with $152.8 billion in February for a decrease of $1.6 billion for the month.
The U.S. trade deficit with China increased in March with a $15.6 billion shortfall after a deficit of $14.2 billion in February. Other notable U.S. trade deficits were with the European Union at a $4.4 billion, Mexico at $3.9 billion, Japan at $2.6 billion and OPEC at $2.4 billion. U.S. trade surpluses with other countries for March included Hong Kong at $1.5 billion, Australia at $1.1 billion, Singapore at $0.5 billion and Singapore at $0.5 billion.
Forex Market – US Dollar falling in Forex today.
The U.S. dollar has been falling lower in forex trading today from the beginning of the day at 00:00 GMT. The dollar has fallen versus the euro, pound, franc, aussie, kiwi and loonie while gaining versus the yen.
The euro has edged up slightly versus the dollar today as the EUR/USD has risen from today’s 1.3600 opening(00:00 GMT) to trading at approximately 1.3624 in the afternoon of the US trading session at 2:14pm EST according to currency data by Oanda.
The British pound has increased today versus the American currency as the GBP/USD has gone from the 1.5115 opening to trading at 1.5251 dollars per pound.
The dollar has fallen against the Japanese yen as the USD/JPY has declined from its 97.30 opening to trading at 96.15 yen per usd. The dollar has edged up against the Canadian loonie dollar after opening at 1.1643 earlier today to trading later at 1.1648.
The USD is falling against the Swiss franc after the USD/CHF’s opening at 1.1082 to trading at the 1.1066 exchange rate.
The Australian dollar has advanced as the AUD/USD has gone from 0.7601 to trading at 0.7626 while the New Zealand dollar(NZD/USD) has increased from 0.6010 usd per nzd to trading at 0.6032.
EUR/USD Chart – The Euro advancing against the US Dollar in Forex Trading today and trading higher than its 200-day simple moving average above 1.3600(white).
