The U.S. trade gap widened to $42 billion in July, less than economists' estimate of a $44.3 billion deficit and down from a revised deficit of $41.9 billion recorded in June.
The dollar held steady against its major rivals after the report. As of 8:32 am ET, the dollar was trading at 0.9449 against the Swiss franc, 1.6030 against the pound, 77.95 against the yen and 1.2783 against the euro.
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Forex News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.