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Balance of Trade fell to -0.83 in February 2026, down 0.26 from January's -0.57 reading. The reading missed the -0.6 consensus by 0.23. The print is running well below the 12-month average of -0.79. Over the past 3 months, Balance of Trade averaged -0.75, vs -0.87 in the prior 3-month window. The reading is in the 30th percentile of the trailing 24-month range.
The April 2026 reading fell from the previous value of -0.57. Historically, this indicator is negatively correlated with USD/JPY (Bearish USD) and negatively correlated with BTC/USD (Bearish BTC).
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