Trade Gap Narrows Thanks to Weak Dollar
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The U.S. trade deficit narrowed  sharply in September, aided by a slide in the value of the  dollar, which helped push exports to record levels, a  government report showed on Wednesday.
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The US trade deficit narrowed by nearly 9 percent in July, the Commerce Department reported yesterday -- but at $50.1 billion, the gap was still the second-largest on record.
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The U.S. trade deficit declined during the third quarter to the lowest level in two years, raising hopes that the country's trade troubles could be easing.
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The dollar was within reach of a record  low against the euro on Thursday as U.S. capital flows data  fueled worries that a weaker greenback would be needed to help  repair the United States' huge trade imbalance.
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The U.S. trade deficit narrowed in  December as oil import prices had the biggest decline in nearly  14 years, while first-time claims for jobless benefits fell to  the lowest level in more than 4 years.
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TOKYO The dollar fell to a seven-month low against the yen and was within sight of a record low versus the euro on Monday, partly because of market views that Washington is happy to see the currency weaken to help narrow the US trade deficit.
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The dollar finished lower versus major  currencies on Tuesday after weaker-than-expected U.S. consumer  confidence and regional manufacturing reports opened the door  to some profit-taking.
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The huge US trade deficit narrowed in July as imports fell for the first time in 10 months. At $50.1bn, the gap remained the second largest on record.
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The dollar was within reach of a record  low against the euro on Thursday as concerns about the U.S.  trade and current account deficits hardened the market's view  the currency's downward spiral would continue.
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The dollar fell to a three-month low  against the yen on Thursday as traders zoomed in on growing  concerns about the U.S. economic outlook and the yawning trade  deficit amid a lack of fresh economic data.
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The US trade deficit narrowed in 2007, figures show, after rising exports offset the rapid growth in oil imports.
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The dollar eased against major  currencies on Friday, as analysts fretted over the U.S. trade  deficit number for July, which came in narrower than expected,  but was still the second-highest on record.
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The dollar slipped close to its lowest level of the year Thursday in Tokyo, entering 103 yen territory as market players dumped the currency in the belief that the United States tacitly approves of its weakening.
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The US trade deficit narrowed sharply in September, aided by a slide in the value of the dollar, which helped push exports to record levels, a government report showed on Wednesday.
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The dollar edged lower against most  currencies on Tuesday after a government report showing  increased capital flows into the United States did little to  soothe worries over the country's large external imbalances.
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The trade deficit narrowed in April, as American businesses exported more goods and services to meet rising demand from overseas.
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The dollar remained under pressure  against the euro on Wednesday, after falling to a record low in  a selloff that followed a report on a narrowing U.S. trade gap.