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Commentary Topic from greenfaucet

A Weak Dollar is Not Necessarily Good for Trade

Although the global economic calendar is relatively light this week, trade is one of the primary focuses. This morning, Germany and the U.K. released their trade numbers and we learned that while the trade surplus in Germany increased, the trade deficit in the U.K. rose. On Wednesday, the U.S. and Canada will release a report on their latest trade conditions and based upon the market's forecasts, economists are looking for the trade deficits of both countries to shrink.