Forex news and forex forecasts

02/04/2026 20:58

USA: Trade Gap Below Forecasts.

The trade deficit in the US widened slightly to $57.3 billion in February 2026 from a revised $54.7 billion in February but less than forecasts of a $59.2 billion shortfall. Exports increased 4.2% to a new record high of $314.8 billion led by nonmonetary gold and natural gas. Imports went up 4.3% to $372.1 billion, the highest in eleven months, led by computers, computer accessories, trucks, buses, and special purpose vehicles, crude oil, semiconductors, pharmaceutical preparations and charges for the use of intellectual property. The largest deficit was by far recorded with Taiwan ($-21.1 billion vs $-17.3 billion in January), followed by Mexico ($-16.8 billion vs $-12.8 billion), Vietnam ($-16.5 billion vs $-19 billion) and China ($-13.1 billion vs $-12.5 billion). The gap with the EU decreased to $5.1 billion from $6.1 billion and the shortfall with Canada also narrowed to $0.74 billion from $2.7 billion.