15.12.2008 - The U.S. current account deficit and the dollar

From Resourceinvestor.com: The current combination of a weak dollar and a large current account deficit is explained by long lags in the relation between U.S. external accounts and the real effective exchange rate, high oil prices, and the "return differential” between U.S. holdings of assets overseas and foreign holdings of U.S. assets. A reduction of the U.S. current account deficit could occur with no further dollar weakening..... Full Article: Source

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