US: Goods and services deficit was $46.3 billion in June, up $3.2 billion from $43.2 billion in May

"The goods and services deficit was $46.3 billion in June, up $3.2 billion from $43.2 billion in May, revised," the U.S. Census Bureau and the U.S. Bureau of Economic Analysis jointly announced on Friday.

Key takeaways from the official publication

  • June exports were $213.8 billion, $1.5 billion less than May exports. June imports were $260.2 billion, $1.6 billion more than May imports.
  • Year-to-date, the goods and services deficit increased $19.6 billion, or 7.2 percent, from the same period in 2017.
    • Exports increased $103.6 billion or 9.0 percent. Imports increased $123.2 billion or 8.6 percent.

GBP/USD sticks to modest gains, above 1.30 handle post-NFP

   •  The USD fails to reverses PBoC headlines-led modest retracement slide.    •  July monthly jobs report shows US economy added 157K new jobs.  
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US: ISM non-manufacturing index likely to decline 0.3pp in July - Nomura

Analysts at Nomura are forecasting a 0.3pp decline in the US July ISM non-manufacturing index to a reading of 58.8, consistent with steady non-manufac
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