Primarily reflecting a notable decrease in the value of imports, the Commerce Department released a report on Thursday showing the U.S. trade deficit narrowed in the month of October.
The Commerce Department said the trade deficit narrowed to $47.2 billion in October from a revised $51.1 billion in September.
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Forex News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.