After reporting a record U.S. trade deficit in the previous month, the Commerce Department released a report on Tuesday showing the trade deficit narrowed significantly in the month of October amid a spike in the value of exports.
The Commerce Department said the trade deficit decreased to $67.1 billion in October from a revised $81.4 billion in September.
Economists had expected the deficit to narrow to $67.5 billion from the $80.9 billion originally reported for the previous month.
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Forex News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.