US: Trade deficit widens to $67.1 billion in August vs. $66.1 billion expected

• Goods Trade Balance in the US came in at -$67.1 billion in August.
• US Dollar Index stays in the negative territory below 93.50.

The United States' goods and services deficit rose by $3.7 billion to $67.1 billion in August, the data published jointly by the US Census Bureau and the US Bureau of Economic Analysis showed on Tuesday. This reading missed the market expectation for a deficit of $66.1 billion.

"August exports were $171.9 billion, $3.6 billion more than July exports. August imports were $239.0 billion, $7.4 billion more than July imports," the publication further revealed. "Year-to-date, the goods and services deficit increased $22.6 billion, or 5.7%, from the same period in 2019." 

Market reaction

The US Dollar Index largely ignored these figures and was last seen losing 0.07% on the day at 93.39.