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U.S. Current Account Deficit Widens in Q1

June 18, 2014

Forexpros

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Investing.com - The U.S. current account deficit widened more than expected in the first three months of the year, official data showed on Wednesday.

In a report, the U.S. Bureau of Economic Analysis said the country's current account deficit widened to a seasonally adjusted $111.2 billion in the first quarter, from a revised deficit of $87.3 billion.

Analysts had expected the U.S. current account deficit to widen to $96.9 billion in the quarter ended March 31.

Following the release of the data, the U.S. dollar held on to losses against the euro, with EUR/USD rising 0.14% to trade at 1.3565.

Meanwhile, the outlook for U.S. equity markets remained mixed. The Dow futures indicated a loss of 0.05% at the open, the S&P 500 pointed to an increase of 0.04%, while the Nasdaq 100 indicated a rise of 0.1%.

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Original headline: U.S. current account deficit widens to $111.2 billion in first quarter


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