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International trade

US current account deficit dips to $98.5 billion

US current account trade deficit narrows to $98.5 billion in second quarter, down 3.5 per cent
Martin Crutsinger, The Associated Press

WASHINGTON - The U.S. current account trade deficit narrowed slightly in the April-June quarter, reflecting gains in exports of oil and civilian aircraft and a bigger surplus in Americans' overseas investment earnings.

The deficit in the current account shrank to $98.5 billion in the second quarter, down 3.5 per cent from the revised $102.1 billion deficit in the January-March period, the Commerce Department reported Wednesday.

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