Goods Trade Balance (USD) comes in at -101.461B against -94.697B consensus
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
| USDJPY | — | — |
The US Goods Trade Balance for July came in at a deficit of -101.461 billion USD. This figure was wider than the consensus expectation of a -94.697 billion USD deficit. The actual print represents a -7.1% surprise compared to the consensus. The previous month’s deficit was -105.755 billion USD.
Following the release, market reactions were generally subdued in the initial 15 minutes. AUDUSD moved +0.8 pips, EURUSD moved +1.6 pips, and NZDUSD moved +0.3 pips. GBPUSD saw a move of +8.8 pips. In contrast, USDCAD moved -0.6 pips, USDCHF moved -2.9 pips, and USDJPY showed no change at 0.0 pips. Gold, XAUUSD, moved -5.6 pips. These initial moves are generally smaller than the median 1-hour moves observed after past releases, which typically see AUDUSD move 7 pips, EURUSD 11 pips, GBPUSD 13 pips, NZDUSD 7 pips, USDCAD 11 pips, USDCHF 9 pips, USDJPY 8 pips, and XAUUSD 29 pips.