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US August trade deficit likely to widen on falling exports – TDS

FXStreet (Delhi) – Annette Beacher, Chief Asia-Pac Macro Strategist at TD Securities, expects that the US trade deficit is expected to widen, supported by the fall in country’s export numbers.

Key Quotes

“USD Falling exports are expected to increase the August trade deficit to $42.8b (mkt $47.1b) which underscores the headwinds to growth implied by both the recent firming in the USD and a shaky international backdrop.”

“From the Fed we will hear from San Francisco president Williams on the outlook. We expect that he will continue to express the Fed’s desire to raise rates this year but will listen closely for any subtle shift in tone following last week’s nonfarm payrolls disappointment.”

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