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The U.S. merchandise and services trade deficit contracted sharply to $29.4 billion in October—a dramatic drop from September's $48.1 billion. What makes this noteworthy? It marks the smallest monthly deficit since June 2009, spanning a fifteen-year low. For crypto traders watching macro trends, this data point matters: shrinking deficits signal shifting currency dynamics and reshape expectations around Fed policy, which inevitably ripple through crypto valuations and market sentiment.