How Global Trade and the Value of the Dollar Impact Mortgage Rates

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Posted To: MBS Commentary

Trade Balance data is out.... Trade balance data reports the difference between the monetary value of a country's exports and imports. A positive balance, or trade surplus, means exports exceed imports and illustrates that a country's economy is globally competitive.A negative balance of trade is known as a trade deficit or trade gap. The trade deficit narrowed considerably more than expected in October as exports increased 3.2% and imports decreased by 0.5%. Here is the Reuters Quick Recap..... RTRS-US OCT TRADE DEFICIT $38.71 BLN ( CONSENSUS $43.60 BLN ) VS SEPT DEFICIT $44.60 BLN (PREV $44.00 BLN) RTRS-US OCT EXPORTS +3.2 PCT VS SEPT +0.5 PCT, IMPORTS -0.5 PCT VS SEPT -0.7 PCT RTRS-US OCT GOODS DEFICIT $51.42 BLN, SERVICES SURPLUS $12.70 BLN RTRS-US OCT EXPORTS $158.72 BLN VS SEPT $153.78...(read more)

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