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US: International trade deficit widened to $72.1 billion in April from $71.9 billion in March

"The international trade deficit was $72.1 billion in April, up $0.2 billion from $71.9 billion in March," the U.S. Census Bureau reported on Thursday.

Key takeaways from the press release

  • Exports of goods for April were $134.6 billion, $5.9 billion less than March exports.
  • Imports of goods for April were $206.7 billion, $5.6 billion less than March imports.
  • Wholesale inventories for April were estimated at an end-of-month level of $674.5 billion, up 0.7% from March 2019, and were up 7.4% from April 2018. 

USD/JPY sticks to modest gains, above mid-109.00s post-US GDP

• US Q1 GDP growth revised down to 3.1%, in line with estimates. • Improving risk sentiment/rebounding bond yields remain supportive. The USD/JPY pai
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EUR/USD technical analysis: Fiber stuck near 1.1140 post-US GDP

EUR/USD daily chart EUR/USD is trading in a bear trend below its main simple moving averages (SMAs). The market is very close to the 2019 low at 1.110
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