forex cross rate

The U.S. goods trade deficit widened to its highest level since early last year in July, driven by a surge in imports, primarily fueled by increased shipments of capital equipment. Data released by the U.S. Commerce Department on Thursday showed that the goods trade deficit expanded by 17.2% month-on-month to $118.8 billion in July, the highest level since March 2025, compared to economists' median forecast of $100.5 billion. The figures are unadjusted for inflation. Imports rose 3.7% in July, while goods exports fell 2.9%. The U.S. trade deficit has fluctuated in recent months. On the one hand, the Iran war has boosted global demand for U.S. petroleum products; on the other hand, U.S. companies have stockpiled goods and raw materials to mitigate the impact of supply chain disruptions. Meanwhile, companies are adapting to changing tariff rates, and imports of artificial intelligence-related equipment remain strong.

U.S. Treasury yields remained largely unchanged after the data release; the 10-year Treasury yield remained unchanged at 4.664%.

Canada's second-quarter current account deficit was C$8.84 billion, compared to a forecast of C$2 billion and a revised previous figure of C$8.31 billion (originally C$7.18 billion).

U.S. wholesale inventories rose 1.3% month-on-month in July, revised from 0.20% in the previous month.

The number of Americans continuing to claim unemployment benefits for the week ending August 15 was 1.778 million, compared with an expected 1.79 million and a revised 1.796 million for the previous week (originally reported as 1.799 million).

The four-week moving average of initial jobless claims in the United States for the week ending August 22 was 205,500, compared with a revised figure of 204,250 for the previous week (originally 204,000).