$ won't sustain rise
- Started
- Last post
- 5 Responses
- European
Once rate increases are removed from the picture, balance sheet fundamentals will return to the fore and will likely weigh on the dollar, market observers said.
Foremost, the U.S. current account deficit-the key driver behind the dollar's plunge in the last three years-widened to a larger than expected record $195.1 billion in the first quarter, up 3.6%. That number amounted to a record 6.4% of GDP and means the United States is reliant on foreign savings to finance its trade gap.
The Treasury Department reported that purchases of U.S. assets with foreign funds stood at $47.4 billion in April, short of the $57 billion trade deficit recorded that month.
And the economic news may no longer provide the dollar much lift.
-----
- ********0
illuminati
- QBN0
That's enough out of you two.
- European0
and the French.
It is mostly the French who are to blame.. for everything.
- ********0
- ********0
hey I got fireworks to watch fer chrissakes...