US: Trade deficit increases to $74.6 billion in April vs $75.2 billion expected

• US Goods and Services Trade Balance came in at -$74.6 billion in April.
• US Dollar Index stays in the daily range below 104.00.

The United States international trade deficit in goods and services rose by $14 billion to $74.6 billion in April, the data published jointly by the US Census Bureau and the US Bureau of Economic Analysis revealed on Wednesday. This reading came in slightly below than the market expectation for a deficit of $75.2 billion.

Market reaction: 

The data was ignored by market participants. The US Dollar is trading in negative territory on Wednesday as the attention is set on next week’s inflation data and FOMC meeting. The DXY is falling 0.15% on the day, trading slightly below 104.00.