US: International trade deficit narrows to $106.6 billion in February

• US international trade deficit narrowed modestly in February.
• US Dollar Index stays in positive territory above 99.00 after the data.

The international trade deficit of the US declined by $1 billion in February to $106.6 billion from $107.6 billion in January, the US Census Bureau reported on Monday.

"Exports of goods for February were $157.2 billion, $1.9 billion more than January exports," the press release further read. "Imports of goods for February were $263.7 billion, $0.9 billion more than January imports."

Additionally, Wholesale Inventories n February rose by 2.1% on a monthly basis, surpassing the market expectation for an increase of 1.7%.

Market reaction

These figures don't seem to be having a noticeable impact on the greenback's performance against its rivals. The US Dollar Index was last seen rising 0.4% on the day at 99.20.