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US: Current-account deficit increased to $123.1 billion in the second quarter of 2017

"The U.S. current-account deficit increased to $123.1 billion (preliminary) in the second quarter of 2017 from $113.5 billion (revised) in the first quarter of 2017," the Bureau of Economic Analysis (BEA) announced on Tuesday.

Key takeaways:

  • The deficit increased to 2.6 percent of current-dollar gross domestic product (GDP) from 2.4 percent in the first quarter.
  • The $9.6 billion increase in the current-account deficit reflected a $7.5 billion increase in the deficit on secondary income, a $2.9 billion decrease in the surplus on primary income, and a $0.8 billion increase in the deficit on goods.
  • These changes were partly offset by a $1.6 billion increase in the surplus on services.
  • Exports of goods and services and income receipts increased $2.2 billion in the second quarter to $836.8 billion.

Brazil: Eyeing the political scene and the BCB's inflation estimates – Rabobank

Analysts at Rabobank suggest that for this week, the highlight is the BCB’s 17Q3 inflation report (Thu), but the agenda also includes the IPCA-15 infl
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USD/JPY holds weaker below mid-111.00s post-US data

Having surrendered early gains to fresh 8-week highs, the USD/JPY pair dropped to fresh session lows post mixed US economic data.  The pair extended
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