Friday, November 09, 2007

Weak Dollar Cuts US Trade Deficit

BBC: The US trade deficit has narrowed to its lowest level in more than two years, driven by record exports boosted by the weaker dollar.

The difference between what the US exports and imports shrank to $56.5bn (£27bn) in September, down 0.6% from August's revised $56.8bn.

Exports of goods and services rose 1.1% in September to a record $140.1bn, said the Commerce Department.

As the dollar has hit record lows, it has made US exports more competitive. Weak dollar cuts US trade deficit (more)

Mark Alexander