NZ dollar slumps on Current Account Deficit
The New Zealand dollar NZD fell to a 10-week low against the USD on Thursday, after data showed the country’s current account deficit blew out to record levels in the first quarter.
Long standing concerns about the size and sustainability of New Zealand’s current account deficit were rekindled by the worse-than-expected data.
“The current account deficit is [...]
Forex – Dollar Rally – Short Lived?
Most currency watchers think that any USD rally is likely to prove temporary, given the market’s mounting concerns over the US current account deficit, which stands at around 6 pct of GDP, and expectations of a narrowing in the yield differential between the US and its major competitors.
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