U.S. June trade balance (billion USD) released: -73.3

U.S. June trade balance came in at -$73.3B, beating expectations of -$73.0B and prior -$77.6B, signaling resilient external demand and unchanged tightening expectations.

The actual value of the U.S. trade balance for June was -$7.33 billion, higher than the expected -$7.30 billion and the previous value of -$7.76 billion. This better-than-expected improvement indicates strong resilience in external demand in the U.S., which limits the impact on domestic liquidity tightening pressures, leaving little change in the expectation that policies will remain tight.