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News • U.S. trade deficit falls to lowest level in 5 years • U.S. trade deficit widens in April • U.S. trade gap narrows to lowest level since January • U.S. trade deficit hits lowest level since early 2015 • U.S. trade deficit narrows for first time in nine months • U.S. trade deficit drops to seven-month low • U.S. trade deficit hits 8-month low • U.S. trade deficit narrows to nine-month low • U.S. trade deficit narrows in May Articles • What is a Trade Deficit and What Does it Mean? • How Trade Deficits Impact the U.S. Economy • How the U.S. Trade Deficit Affects Currency Trade • An Overview of the U.S. Trade Deficit • Understanding the U.S. Trade Deficit • The Pros and Cons of a Trade Deficit • How to Improve the U.S. Trade Balance Videos • What is a Trade Deficit? •
NZD/USD holds ground around 0.5900 during the Asian hours on Monday, following China’s Trade Balance data, which rose to CNY 732.7 billion in August, up from CNY 705.18 billion previously. Exports rose 4.8% year-over-year in August, against 8% in July.
The General Administration of Customs will publish its data for August on Monday at 03.00 GMT. Trade balance is expected to widen to $99.2B in August, compared to $98.23B in the previous reading. Exports are expected to climb by 5.0%, while Imports are projected to rise by 3.0%.