Trade Balance reflects the difference between exports out of U.S, and imports into America. Important things to note about this economic indicator:
- Relevance = medium to high
- Chief element of the US’s Balance of Payment, which provides insight into the value of the dollar
- Imports > Exports = Trade Deficit, which weighs down value of the dollar
- Used as a tool by currency traders to forecast trends of major currency pairs
- Release Schedule: 8:30 AM (EST); monthly
Monday, May 11, 2009
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