US: Goods and services deficit narrow to $85.5 billion in May vs. $85 billion expected

• Goods and services deficit in the US narrowed at a softer pace than expected in May.
• US Dollar Index holds steady at around 107.00. 

The data published by the US Census Bureau showed on Thursday that the goods and services deficit narrowed by $1.1 billion to $85.5 billion in May. This reading came in slightly higher than the market expectation for a deficit of $85 billion.

"May exports were $255.9 billion, $3.0 billion more than April exports," the publication further read. "May imports were $341.4 billion, $1.9 billion more than April imports."

Market reaction

This report doesn't seem to be having a noticeable impact on the dollar's performance against its rivals. As of writing, the US Dollar Index was posting small daily losses at 106.95.