The U.S. trade deficit narrowed to about $29.4 billion in October, the smallest level since 2009. Imports declined while exports increased, surprising many economists who had expected the gap to widen. Exports reached about $302 billion, while imports fell to around $331.4 billion, pointing to softer domestic demand and stronger demand from overseas markets.
From a market standpoint, the dollar strengthened slightly, giving risk assets an early lift. In crypto, Bitcoin is trading around the $96,000 to $98,500 range, with key support near $94,000 and resistance approaching $102,000. Traders are closely watching macroeconomic trends, since a shrinking trade deficit can help ease inflation pressures but may also weigh on risk appetite. Volatility remains likely, with potential shifts toward safer assets.
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