US: Trade deficit narrowed to $39.9 billion February vs. $47.7 billion expected

• US trade deficit narrowed more than expected in February.
• US Dollar Index continues to climb higher toward 100.

The US' Goods Trade Balance was -$39.9 billion in February, the report published jointly by the US Census Bureau and the US Bureau of Economic Analysis showed on Thursday. This reading followed January's print of -$45.5 billion and came in better than the market expectation for a deficit of $47.7 billion.

"February exports were $207.5 billion, $0.8 billion less than January exports," the press release read. "February imports were $247.5 billion, $6.3 billion less than January imports."

Market reaction

The US Dollar Index, which gained traction after weekly Initial Jobless Claims skyrocketed to 6.648 million, was last seen adding 0.37% on the day at 99.85.