The U.S. trade gap widened to the largest deficit in five months to $47.8 billion compared to an expected $45.0 billion. Imports rose 1.3 percent to $225.6 billion as Americans bought more industrial supplies from abroad and spent more on foreign oil.
The U.S. trade deficit with China narrowed to $26.9 billion in November, with American exports to the Asian giant rising to $9.9 billion.
Source: < ahref="http://www.reuters.com/article/2012/01/13/us-usa-economy-trade-idUSTRE80C0Y120120113" Target=_blank>Reuters
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.