The U.S. trade deficit narrowed modestly in June, though the improvement fell just short of economists’ expectations as both imports and exports declined. Why it matters: A shrinking trade deficit can signal slower economic activity, which, if sustained, could strengthen ...
The U.S. and Japan have jointly intervened in currency markets to prop up the Japanese yen after it sank to a fresh 40-year low, marking the first coordinated yen-buying operation since 2011. Why it matters: A weak yen isn’t just ...