U.S. current account deficit

Last Meaningful Week of 2020 Drawing to Close

December 18, 2020

Ahead of the approaching year-end holidays, this week saw a rush of central bank policy reviews and data releases, many¬† coming a couple of days earlier in December than is customary in other months. Foreign exchange trading tends to lose some breadth and depth in the final weeks of December, making currency relationships prone to […] More

Comment on U.S. Current Account Release

June 18, 2014

Although the deficit of $111.156 billion last quarter was 27.3% wider than the 14-year low recorded in the final quarter of 2013 and greater than analysts were anticipating, the shortfall’s size relative to nominal GDP of 2.6% was consistent with results since 2009.  That ratio had fallen to 2.0% in 4Q13 but averaged marginally less […] More