According to @KobeissiLetter, the US goods trade deficit narrowed by $18.6 billion (+24%) in August to -$59.6 billion, marking one of the largest monthly improvements this year (@KobeissiLetter). Imports fell 5% to $340.4 billion, the second-lowest level since May 2024 (@KobeissiLetter). Traders monitor the goods balance because net exports feed directly into US GDP accounting (U.S. Bureau of Economic Analysis). Given the documented rise in crypto–equity correlation, macro shifts from trade data can influence digital-asset risk sentiment (International Monetary Fund).