Follow the markets with The deficit contracted to $-40.4 Billions, the most since 1996, yet reading in between lines, we have that exports reduce a 5.8% yet imports reduce a 12%. The line number shrinks not because they are better, but because we have less imports, that means there is a contraction in consumption. Anyway in this first spike, the market is taking it as dollar positive. Let’ see what happens in the next 15 30 minutes.
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News published in the U.S. are worst than expected, with Import Prices posting record drops, the Trade Balance deficit widening to -57.2 billions and the weekly unemployment claims in their highest level in more than 30 years. Despite majors could seem over bought against greenback, we are not yet in the daily bottom.