US trade deficit rose to 6-month high in February

The commerce department data released in the US showed trade deficit in February rose to a six-month high of $47.1 billion.

Trade deficit rose from a revised $45.9 billion in January. Economists were expecting the trade deficit figure to print at $46.2 billion.

Exports rose for the first time in five months. Exports rose 1% to $178.1 billion in February, but imports rose 1.3% to $225.1 billion, ensuring the trade deficit rose to 6-month high.