NewsMine — economy — united-states — 2004 — 2004-apr-may — Viewing Item

Trade deficit widens as follar falls Original Source Link: (May no longer be active)    http://quote.bloomberg.com/apps/news?pid=10000006&sid=axV6Htp4KHMs&refer=home http://quote.bloomberg.com/apps/news?pid=10000006&sid=axV6Htp4KHMs&refer=home Dollar Falls Against Euro as Trade Deficit Widens to Record May 12 (Bloomberg) -- The dollar fell against the euro in New York after the U.S. trade deficit widened to a record in March. At 8:43 a.m., the dollar traded at $1.1914 per euro, from $1.1871 late yesterday, according to EBS, an electronic foreign- exchange dealing system. Before the trade report the dollar was as strong as $1.1828. The dollar also was little changed at 113.08 yen from 113.14. March's trade deficit grew to $46 billion as the highest oil prices in more than two decades and increased consumer spending boosted the value of imports, the Commerce Department reported in Washington. The gap in goods and services trade comes after a deficit of $42.1 billion in February. Imports and exports surged to all-time highs, and the deficit with the Organization of Petroleum Exporting Countries was the biggest ever. Accelerating global growth and a weaker dollar contributed to a rise in U.S. exports, which kept the deficit from widening further, economists said. The dollar fell against 14 of 16 major currencies tracked by Bloomberg. To contact the reporter on this story: Bob Brennan in New York at rjbrennan@bloomberg.net To contact the editor responsible for this story: Daniel Moss at dmoss@bloomberg.net Last Updated: May 12, 2004 08:46 EDT

Asain stocks plunge on rate hike fears Bank of america cuts 12k jobs Big drop in us job claims Bubbling us inflation boosts talk of fed rate rise Buffet warns inflation heating up { May 3 2004 } Bush job growth helped by supermarket strike ending { April 3 2004 } Consumer prices rise heightening inflation concern { April 14 2004 } Consumer prices rise more than expected causing inflation Dollar slide as job claims less than forecast Dow slumps below 10 thousand Fired workers train their replacements in india { April 6 2004 } Four hundred thousand gave up looking in february { March 11 2004 } Greenspan reiterates stern deficit warning { May 6 2004 } Greenspan warns of deficit as big threat to economy { May 7 2004 } Homeless vets of iraq { April 24 2004 } IMF warns housing prices asset bubble { April 23 2004 } Inflationary pressures build Lower market blamed on job growth { May 7 2004 } Markets falter amid fears over us rate rise { May 10 2004 } Military families on food stamps Milk prices expectd to drop to normal Mortgage applications drop as home buying slows Pay in england grows as unemployment falls { April 16 2004 } Stocks bond gold sink on china fears Stocks fall on good jobs report Stocks hit 2004 lows Summer teen jobs scarce Trade deficit widens as follar falls Unemployment rise 30 thousand april week { April 16 2004 } Us trade deficit hits record as imports increase Weak dollar oil prices shatter the global economy { March 24 2004 } Files Listed: 31

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