Investing.com - The U.S. current account deficit narrowed more than expected in the fourth quarter, official data showed on Wednesday.
In a report, the U.S. Bureau of Economic Analysis said the country’s current account deficit narrowed to a seasonally adjusted $81.1 billion in the final three months of 2013, from a revised deficit of $96.4 billion. Analysts had expected the U.S. current account deficit to narrow to $88 billion in the fourth quarter.
Following the release of the data, the U.S. dollar held on to gains against the euro, with EUR/USD rising 0.07% to trade at 1.3924.
Meanwhile, U.S. stock future indices pointed to a modestly higher open. The Dow Jones Industrial Average futures pointed to a gain of 0.1% at the open, S&P 500 futures indicated an increase of 0.06%, while the Nasdaq 100 futures signaled a rise of 0.06%.