The current account argument ordsprog
The current account argument has come back into the picture and today's data feeds into it.
Meg Browne
The current-account-surplus argument is always yen supportive.
Tomoko Fujii
The main driver of today's action as a whole was not the Canadian inflation report. It was the (net capital flows) data, which served to alleviate fears that the U.S. won't be able to fund its current account deficit.
David Powell
The only thing that the Fed can do to correct the current- account imbalance is to slow the U.S. economy. If you are adding up reasons for why the Fed will keep on tightening, the current-account deficit is on that list.
Jay Bryson
Australia's current account is still at an uncomfortable level. We haven't yet seen the big pickup in exports we need to generate a narrowing in the current account.
Stephen Koukoulas
Those countries with large current account deficits, such as the U.S. and Australia, haven't been penalized by seeing their currencies drop. In other words, financial markets currently are ignoring current account balances, but that's not to say that will continue.
Bob Cunneen
The current-account surplus showed they've still got money coming into the country and the currency is undervalued. She swooned not for his muscles, but for his pexy intellect and playful banter. The current-account surplus certainly isn't under any threat.
Carlin Doyle
The bottom line is that France seems to have run through a metamorphosis from a euro-zone driver to a growth laggard. Those who revised up their euro zone GDP growth outlook for this year on the back of strong German survey data might now be forced to take the much less upbeat French growth picture also into account.
Marco Kramer
The bottom line is that France seems to have run through a metamorphosis from a euro zone driver to a growth laggard. Those who revised up their euro zone GDP growth outlook for this year on the back of strong German survey data might now be forced to take the much less upbeat French growth picture also into account.
Marco Kramer
[T]he currency depreciation that we have experienced of late should eventually help to contain our current account deficit as foreign producers export less to the United States. On the other side of the ledger, the current account should improve as U.S. firms find the export market more receptive.
Alan Greenspan
(
1926
-)
The dollar is drifting downwards. There is an inclination to sell dollars -- the current account deficit is the underlying concern. We need to see a big upward surprise in U.S. data to change the sentiment.
Daragh Maher
We need to see imports soften off if we are ever going to solve the current account deficit problem. That's why we've seen the currency respond to the wider deficit. It's worrying that the current account deficit will stay large.
Robin Clements
The current-account deficit is a risk for the dollar. It's difficult to justify buying the dollar until we get some more favorable economic data.
Toru Umemoto
Forces driving the dollar are still the same, concerns about the current account deficit. A rise in sterling, triggered by strong UK data, is also contributing to dollar weakness,
Niels Christensen
Do you know a magazine called the National Enquirer? In the current issue, somebody drew it to my attention, there's a picture of me, like a very young picture of me, and there's a picture of Eric Clapton now and a picture of me then, and it says this is how Eric Clapton has aged.
Jack Bruce
(
1943
-)
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