U.S. trade figures released on Thursday showed that the United States trade deficit with China narrowed on March, giving a boost tot eh White House during their negotiations today.
The trade shortfall with China fell by $1.9 billion to $28.3 billion in March, as US exports to China edged up by 1.4 billion while imports slipped $0.5 billion, the Commerce Department data showed.
Later in the day, talks between the Chinese delegation to Washington, led by Vice-Premier Liu He, and U.S. trade representatives will continue.
The overall trade deficit dropped to $50.0 billion from a revised deficit of $49.3 billion in February. Analysts had predicted an increase in the deficit to $51.4 billion.
Another report from the U.S. showed that produce prices rose 0.2 percent in April, matching forecasts, following a 0.6 percent surge a month earlier.
Initial jobless claims came in at 228,000 last week, compared to 230,000 a week before. That was above analysts’ projections of 215,000.
As of 13:03 GMT, the dollar index traded near the session’s open at
97.35, after sliding from the session’s peak of 97.47.