FXstreet.com (Barcelona) - U.S. deficit in goods and services trade with the rest of the world has widened to $36.5 Billion in September from $30.8 Billion in August, well beyond the market consensus of $32.0 Billion. The Dollar went lower against its major rivals immediately after trade data was released.
USD/JPY decline from intra-day high at 90.40 has extended below 89.70 support level as the Dollar lost abput 30 pips from 89.77 to 89.45 as trade figures were released, with Nov 11 low at 89.30 on sight.
Dollar reaction against Euro and Pound has been quite milder; EUR/USD rose from levels around 1.4877 to 1.4890 resistance, where, the 20 day MA lies, which has not been broken, and the pair eased back to 1.4880. GBP/USD rose from 1.6680 to 1.6695 resistance level and pulled down to 1.6670 afterwards.