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December 17, 2007 - Forex Economic News
U.S. Current Account Deficit falls in third quarter.
The U.S. current account deficit declined in the third quarter of 2007 compared to the second quarter in news released by the Commerce Department today. The third quarter deficit fell to $178.5 billion from $188.9 billion in the second quarter and accounted for a 5.1 percent share of the GDP. "Increases in the surpluses on income and on services and a decrease in the deficit on goods" were cited by the report as reasons for the deficit decline. The current account measures trade and investment flows between countries and the third quarter results were the smallest deficit totals since 2005. View full report.
Forex Trading Rates at noon EST.
EUR/USD 1.4368
EUR/JPY 162.65
USD/JPY 113.20
AUD/USD 0.8569
USD/CHF 1.1524
GBP/USD 2.0169
AUD/JPY 97.0053
EUR/GBP 0.7124
EUR/CHF 1.6558
CHF/JPY 98.2341
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Tags: Forex Trading rates, U.S. Current Account, U.S. Trade Deficit------- Blog index