Archive for June 21st, 2019

Deeper Analysis

Dollar-Supporting U.S. Balance of Payments

June 21, 2019

The seasonally adjusted U.S. current account deficit was $13.5 billion smaller in the first quarter than in the final quarter of 2018, and it narrowed 0.3 percentage points as a percent of GDP to 2.5%. That ratio, which this century crested at 6.3% in the final quarter of 2005, hasn’t averaged 3.0% or higher in […] More

Foreign Exchange Insights and Next Week

Next Week

June 21, 2019

Central Banks: Monetary policy reviews in New Zealand, Iceland, Mexico, Thailand, Hungary and the Czech Republic. Bank of Japan publishes minutes from its April meeting and a summary of this month’s meeting. Federal Reserve officials speaking publicly include Chairman Powell, Bullard (who dissented at this week’s FOMC meeting), Bostic and Harker. Bullard and Lowe of […] More

New Overnight Developments Abroad - Daily Update

Dollar Trims its Thursday Losses

June 21, 2019

Today’s session illustrates America’s challenge sustaining a depreciating trend the dollar, which recovered overnight by 0.4% against the kiwi and sterling, 0.3% relative to the peso, 0.2% versus the yuan and Australian dollar and 0.1% vis-a-vis the yen and Swiss franc. But the dollar managed to lose another 0.2% against the euro and 0.1% versus […] More