Financial Times FT.com

Dollar gains as deficit narrows

By Steve Johnson

Published: May 12 2005 03:00 | Last updated: May 12 2005 03:00

The dollar rose yesterday as the US trade deficit narrowed unexpectedly in March.

The deficit was "just" $55bn in March, wrongfooting those who had forecast a widening of February's revised $60.6bn figure.

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