Japanese Finance Minister Shunichi Suzuki commented this Friday morning, according to Reuters, on the volatility of the foreign exchange market and its impact on the country’s current account deficit, which in turn impacts the economy. Featured Comments Currency stability is important, strong volatility is undesirable. The government will keep an eye on Japan’s current account […]
Tag: Current account
Current account surplus reached CAD 1.1800 million in the first quarter
Canada’s current account balance turned positive in the first quarter. USD / CAD continues to trade in a tight range below 1.2100. Canada posted a current account surplus of C $ 1.18 billion in the first quarter of 2021 after posting a current account deficit of C $ 5.27 billion (revised from C $ 7.26 […]
Final GDP is revised up to 1.3% quarter-on-quarter in the fourth quarter
UK GDP increased 1.3% QoQ in Q4 versus 1.0% expected. The UK current account deficit stood at £ 26.3bn in the fourth quarter. GBP / USD remains above 1.3700 after the UK data release. The final UK GDP reading for the fourth quarter of 2020 stood at 1.3% QoQ versus 1.0% expected and the previous […]
USD / CAD rises to three-day highs around the 1.2750 level
USD / CAD regains positive traction on Friday and moves away from three-week lows. A modest pickup in demand for the USD is considered a key factor driving the pair higher. The drop in crude oil prices weighs on the CAD and supports the upward movement of the pair. The pair USD / CAD moves […]