Here comes the trade balance...

The February US trade balance data will be released at 8:30 a.m. ET,

Economists estimate the trade deficit shrunk slightly to $US41.2 billion from $US41.8 billion in January.

“Higher oil prices should have boosted imports and we also expect a pause in exports after the plunge in January, although the trend is clearly lower,” UBS’s Cummins said.

From BNP Paribas: “A labour strike at West coast ports was resolved in late February, but trade flows were likely still disrupted for most of the month.”

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