U.S. trade deficit narrowed more than forecast in February, underpinned by drop in the goods trade gap with China, Commerce Department data released on Wednesday showed.
The trade shortfall declined to $49.4 billion in February from $51.1 billion in January. Economists had predicted a trade gap of $53.5 billion.
Goods trade gap with China fell 28.2 percent to $24.8 billion, as exports to China edged up 18.2 percent and imports plunged 20.2 percent.
As of 12:50 GMT, the dollar index continued to trade lower at 96.54
after it recorded a low of 96.45 and a high of 96.77 during Wednesday’s trading