US: International trade deficit narrows to $104.3 billion in May

• US' international trade deficit narrowed modestly in May.
• US Dollar Index holds in positive territory above 104.00.

The data published by the US Census Bureau revealed on Tuesday that the United States' international trade deficit narrowed by $2.4 billion to $104.3 billion in May from $106.7 billion in April.

"Exports of goods for May were $176.6 billion, $2.0 billion more than April exports," the publication further read. "Imports of goods for May were $280.9 billion, $0.4 billion less than April imports."

Market reaction

The US Dollar Index continues to edge higher after this report and was last seen rising 0.3% on a daily basis at 104.25.