US currency account deficit widens less than expected
Thu, Mar 18 2010, 13:03 GMT
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FXstreet.com (Barcelona) - The US currency account deficit widened to $115.6B in the final quarter of 2009 from $102.3B in the previous quarter. The market had expected the gap to increase to $120.0B.
The Current Account released by the Bureau of Economic Analysis is a net flow of current transactions, including goods, services, and interest payments into and out of the US. A current account surplus indicates that the flow of capital into the US exceeds the capital reduction. Normally, a high reading is seen as positive (or Bullish) for the USD, whereas a low reading is seen as negative (or Bearish).
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