Investing.com - The U.S. trade deficit widened more than expected in June, as exports edged down 0.1% and imports rose 1.2%, official data showed on Wednesday.
In a report, the U.S. Bureau of Economic Analysis said that the U.S. trade deficit rose to a seasonally adjusted $43.84 billion in June from a deficit of $40.94 billion in May, whose figure was revised from a previously reported deficit of $40.7 billion.
Analysts had expected the U.S. trade deficit to widen to $42.8 billion in June.
U.S. exports edged down 0.1% to $188.6 billion in June, while imports rose 1.2% to $232.4 billion.
EUR/USD was trading at 1.0890 from around 1.0907 ahead of the release of the data, GBP/USD was at 1.5631 from 1.5639 earlier, while USD/JPY was at 124.24 compared to 124.15 earlier.
The US dollar index, which tracks the greenback against a basket of six major rivals, was at 97.84, compared to 97.79 ahead of the report.
Meanwhile, the outlook for U.S. equity markets was upbeat. The Dow futures indicated a gain of 0.65% at the open, the S&P 500 futures pointed to a rise of 0.85%, while Nasdaq 100 futures tacked on 0.95%.
Elsewhere, in the commodities market, gold futures traded at $1,088.60 a troy ounce, compared to $1,089.70 ahead of the data, while crude oil traded at $46.30 a barrel from $46.17 earlier.