Forex News: US Trade Deficit narrows

The US Trade Deficit narrowed to 58.2 Billlion.  This is good for GDP. The dollar is getting a bid off of that.  Imports slowed and exports also slowed.  This indicates slower US and possibly slower global growth as well. 

The market does not really know how to interpret the data I feel.   On one side, a lower deficit is a boost to GDP.  On the other side, the slower imports and exports is a sign of weak domestic economy.  So, expect pushes one way, then the other.