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The U.S. monthly trade deficit unexpectedly shrank in June to $56.8 billion, a much narrower deficit than the -$62.0 billion balance expected by markets. May's deficit figure was upwardly revised to $59.2 billion from a previously reported $59.8 billion, the U.S. Census Bureau reported Tuesday.

The U.S. monthly trade deficit unexpectedly shrank in May to -$59.8 billion, with April's deficit figure downwardly revised to - $60.5 billion from a previously reported -$60.9 billion, the U.S. Census Bureau reported Friday.