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Back Fundamental analysis
U.S. Trade Deficit Continues to Decline Rapidly
According to the data, in September
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According to the data, in September of this year, the U.S. trade deficit unexpectedly fell to its lowest level since mid-2020. This happened thanks to a sharp increase in exports.The Commerce Department report states that the trade deficit in goods and services shrank by nearly 11% compared to the previous month, reaching $52.8 billion. Economists' average estimate had projected a deficit of $63.1 billion.U.S. exports rose by 3%, reaching the second-highest level on record, driven by shipments of gold and
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Jakub Novak,
Analytical expert of InstaForex
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Summary
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