EconWatch.com > The trade deficit narrowed... so what.

[Dismally, as it relates to the markets.] Nice improvement in the trade deficit.  However, the dollar has dropped about 5% since the month of March on a trade-weighted basis.  Whatever we were buying then, now costs 5% more.  [..] But, as the Washington Post points out, our oil imports are declining.  Must not be declining too much or the price of oil would be dropping. So, although the improvement of about $3 billion is there for this month, it's already been wiped out if we continue to buy the same amount of products.

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