US: Goods and services deficit expands to $68.3 billion in January vs. $68.9 billion expected

• US Goods and Services Trade Balance came in at -$68.3 billion in January.
• US Dollar Index stays in daily range above 105.50.

The United States international trade deficit in goods and services rose by $1.1 billion to $68.3 billion in January, the data published jointly by the US Census Bureau and the US Bureau of Economic Analysis revealed on Wednesday. This reading came in slightly better than the market expectation for a deficit of $68.9 billion.

"January exports were $257.5 billion, $8.5 billion more than December exports," the publication further read. "January imports were $325.8 billion, $9.6 billion more than December imports."

Market reaction

The US Dollar Index continues to fluctuate in its tight daily range after this data and was last seen little-changed on the day at 105.64.