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The US budget deficit widened to about $ 120 billion last month, with higher spending.
According to data released by the US Treasury Department, the budget recorded a deficit of $ 119.7 billion last July, against a deficit of $ 76.9 billion recorded the same period last year.
Analysts had forecast that the US budget deficit would reach $ 120 billion last month. According to the data, expenditures and revenues have increased in the last month compared to the same period in 2018.
In the US fiscal year, which begins in October and ends in September, the government's budget deficit has widened the gap between expenses and revenues to $ 866.8 billion, an increase of 27% compared to the first 10 months of the 2018 financial year.
Dow Jones lost 400 points, fearing that the ongoing trade dispute between Washington and Beijing is pushing the global economy and the US into recession.
The US dollar appreciated against a basket of major currencies during trade, ahead of economic data and with political and economic concerns.
Investors are following the changing economic and political situation with the unrest in Hong Kong and the record drop in Argentine money with the preliminary results of the presidential election.
Investors are waiting for commercial developments between the United States and China. President Donald Trump said he did not want to enter into a trade deal with Beijing. US inflation data should be published.
Economic data revealed that the US budget deficit had widened to about $ 120 billion in July. The dollar appreciated 0.1% against the euro, reaching $ 1,200, while it fell 0.1% against the yen, to reach 105, 19 yen.
The greenback appreciated by 0.08% to 1.2066 dollar against the pound sterling, while it was stable against the Swiss franc at 0.9696 franc.
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