Salient to Investors:
The US trade deficit narrowed in September, the smallest since December 2010 and lower than any estimate in surveyed economists – exports were broad-based.
Growing demand from emerging markets in South and Central America may be helping to overcome a slowdown in Europe and China. Imports climbed as US consumers spent more as the job market stabilizes.
Jeremy Lawson at BNP Paribas said the outlook in emerging markets is stronger than in Europe.
The dollar has dropped 28.5 percent over the past decade.