America's trade deficit fell to $33.4 billion in February, slightly reducing the deficit for the latest 12 months. In the year to February, Canada's trade surplus rose to $39.3 billion. Italy's current-account deficit narrowed to $5.8 billion in the 12 months to January. The trade-weighted value of the dollar increased by 0.6%, and the yen's rose by 2.3% over the week.