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Balance of Trade fell to -64.9 in April 2026, down 29.5 from March's -35.4 reading. The reading missed the -32 consensus by 32.9. Balance of Trade has now declined for 4 consecutive months. Over the past 3 months, Balance of Trade averaged -23.9, vs -24.17 in the prior 3-month window. Balance of Trade is now the lowest in 31 months.
The May 2026 reading fell from the previous value of -35.4. Historically, this indicator is positively correlated with GBP/USD (Bullish GBP) and positively correlated with EUR/USD (Bullish EUR).
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