Foreign Exchange Insights and Next Week
U.S. Current Account, GDP and the Dollar
April 9, 2018
The U.S. current account deficit has been in a manageable and safe range since 2012. As a percentage of nominal GDP, it ranged between 2.2% and 2.7% during the last three calendar years, including 2.4% in 2017, 2016, and 2013. The ratio had been higher in the first three years of the current economic upswing […] More
New Overnight Developments Abroad - Daily Update
Market Focused on Russia, China and Hungary
April 9, 2018
Amid concern over the impact of economic sanctions against Russia, the dollar has appreciated 3% against the ruble, and Russian equities plunged some 11% today. Facebook CEO Mark Zuckerberg will be testifying before Congress tomorrow and Wednesday. Expectations about how trade tensions between the United States and China get resolved continue to see-saw day-by-day, if […] More
