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Exports Growing at Fastest Pace in Three Years

The U.S. dollar just hit a 15-year low against a basket of currencies. This is causing exports to boom:

The value of U.S. exports of goods and services to the rest of the world increased 2.7% in July, the fastest seasonally adjusted growth in more than three years, the Commerce Department reported Tuesday.

With imports growing 1.8%, the deficit between imports and exports narrowed by 0.3% to $59.2 billion in July, close to the market's expectations, from an upwardly revised $59.4 billion in June.

Both exports and imports reached record levels in July, reflecting strong global demand and higher prices. U.S. producers exported record values of capital goods, consumer goods, autos and foods, while U.S. consumers imported record values of foods and feeds.

The only question left is will next week's rate cut be 25 basis points or 50 basis points.