Investing.com - The U.S. current account deficit widened more than expected in the first three months of the year, official data showed on Wednesday.
In a report, the U.S. Bureau of Economic Analysis said the country’s current account deficit widened to a seasonally adjusted $111.2 billion in the first quarter, from a revised deficit of $87.3 billion.
Analysts had expected the U.S. current account deficit to widen to $96.9 billion in the quarter ended March 31.
Following the release of the data, the U.S. dollar held on to losses against the euro, with EUR/USD rising 0.14% to trade at 1.3565.
Meanwhile, the outlook for U.S. equity markets remained mixed. The Dow futures indicated a loss of 0.05% at the open, the S&P 500 pointed to an increase of 0.04%, while the Nasdaq 100 indicated a rise of 0.1%.