Goods Trade Balance comes in at -118.806B against -104.172B consensus
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
| USDJPY | — | — |
The US Goods Trade Balance for August was reported at a deficit of -118.806 billion USD. This figure came in wider than the consensus expectation of -104.172 billion USD. The actual release represented a -14.0% surprise compared to the consensus. The previous month’s deficit was -101.461 billion USD.
Following the release, market reaction in most major USD pairs has been limited so far. Fifteen minutes after the data, AUDUSD moved -1.9 pips, EURUSD moved +0.1 pips, and GBPUSD moved -1.8 pips. NZDUSD moved -0.1 pips, USDCAD moved -1.8 pips, and USDCHF moved -1.4 pips. USDJPY moved -0.3 pips. XAUUSD, or gold, moved -60 pips. For most currency pairs, these movements are small when compared to their typical median 1-hour moves, which range from 7 pips to 13 pips. XAUUSD’s move of -60 pips is larger than its median 1-hour move of 31 pips.