Goldman Sachs Sees U.S. Dollar Holding Firm as Strong Economic Data Supports Outlook 
Asian Currencies Stabilize as Dollar Holds Near Two-Month High After Fed Hawkish Signal 
J.P. Morgan Sees Potential Vestas Guidance Upgrade Amid Strong Wind Energy Demand 
Asian Stocks Surge as Oil Prices Fall and Strong US Dollar Weighs on Markets 
German Industry Employment Falls to Lowest Level in a Decade 
Oil Prices Drop as U.S.-Iran Peace Deal Eases Supply Concerns 
Goldman Sachs Sees Fed Holding Interest Rates Steady Until 2027 
Goldman Sachs: US Dollar Likely to Stay Strong Despite Oil Price Retreat 
Canada Imposes 10% Tariff on Canned Vegetable Imports to Protect Domestic Industry 
Trump’s Iran Strategy: What Has Been Achieved After Three Months of Conflict? 
Dollar Hits One-Month High as Hawkish Fed Outlook Boosts Greenback 
The US trade deficit is projected to turn down remarkably in July, narrowing to $41.81B from $43.84B the month before, with import activity falling on account of falling energy prices while export activity should rise modestly. This will mark the first improvement in the deficit since April.
Earlier post was up about $2.9 billion from $40.9 billion in May, revised. June exports were $188.6 billion, $0.1 billion less than May exports. June imports were $232.4 billion, $2.8 billion more than May imports.
But this time, export activity should rise on the month, posting a 0.4% MoM advance, bolstered in large part by improving global demand. Import activity is likely to decelerate by 0.55% MoM in July as the continuation of the decline on oil prices dampens the import bill.
In the coming months, we expect the improvement in the trade balance to be sustained as lower energy prices continue to keep the energy import bill low, but expect a stronger USD to weigh on exports.
Release Date: September 3, 2015 June Result: -$43.8B TD Forecast: -$41.8B Consensus: -$44.5B.
