Wednesday, January 7, 2015

US Trade Deficit narrows ....

It was at $ 39 billion in November 2014 vs $ 42 billion expected. Lower oil prices have helped. This means that one more data for USA  is positive.  Although exports would be affected because of a lack of purchasing power in Europe and Asia as dollar strengthens and as they have economic woes, US looks in positive territory.

Good for dollar assets. Wall Street may just start picking up again.

Views expressed without any risk or responsibility. 

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