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Trade deficit at all-time high
U.S. exports declined 2.3 percent to a five-month low of $95.6 million, while imports rose 1.3 percent to a record $155.8 billion as imported oil rose by 17.7 percent, according to the Commerce Department.
That pushed the nation's trade deficit to $60.3 billion - its highest level ever.
The dollar spiraled downward after the unexpected jump.
The greenback was last down 1.3 percent against the euro at 1.3280 and off 0.9 percent against the Japanese yen at 102.36.
In the commodities market, gold climbed back above $425 an ounce as the dollar slid. Gold for February delivery was up 4.90 to $427.30 an ounce on the New York Mercantile Exchange.
U.S. exports declined 2.3 percent to a five-month low of $95.6 million, while imports rose 1.3 percent to a record $155.8 billion as imported oil rose by 17.7 percent, according to the Commerce Department.
That pushed the nation's trade deficit to $60.3 billion - its highest level ever.
The dollar spiraled downward after the unexpected jump.
The greenback was last down 1.3 percent against the euro at 1.3280 and off 0.9 percent against the Japanese yen at 102.36.
In the commodities market, gold climbed back above $425 an ounce as the dollar slid. Gold for February delivery was up 4.90 to $427.30 an ounce on the New York Mercantile Exchange.