The US import exceeded the export by 145 in April. The external trade deficit reached $51,8B, which is $6.4B more than February’s deficit.
As for the US import costs, they declined by 0.5% (m/m) in April and gained 0.5% (y/y).
Lower fuel prices were the major reason for lower import costs as compared with March’s stats. The import costs increased by 1.4% (m/m) in March and by 3.5% (y/y).
Analysts say that the import cost increase (y/y) is the lowest in 3 years. This suggests that the global economic growth keeps slowing down.
As for the US Dollar index, it is fluctuating within the range created by the bullish wave «с(С)/5» of wave level H6. According to experts, 80.34 will become the next major level of resistance. If the price breaks and consolidates above it, the rally will resume. In order to reverse the mid-term uptrend, the price will have to break below 79,65 and form a FZR below it.
