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Barchart
Rich Asplund

Dollar Climbs as U.S. Trade Deficit Unexpectedly Narrows

Deficit ECB Centeno BOJ eurozone Gold

The dollar index (DXY00) on Tuesday rose by +0.31%.  The dollar moved higher Tuesday after U.S. trade news showed an unexpected narrowing of the U.S. Nov trade deficit.  Also, weakness in stocks on Tuesday boosted liquidity demand for the dollar. 

The U.S. Nov trade deficit unexpectedly narrowed to -$63.2 billion from $64.5 billion in Oct, better than expectations of a widening to -$64.9 billion and a positive factor for Q4 GDP.

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