Latest current account data also out now
- USD -118.3bln revised down from $113.3bln
Large C/A deficit = strong ccy and indeed vice veraa. Witness UK data/GBPlevels
Better than expected this time around will also please the Fed
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US Q2 current account balance USD-109.7bln vs -111.5bln exp
US Q2 current account balance USD-109.7bln vs -111.5bln exp
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