The Commerce Department said Wednesday that the deficit in the current account rose to $100.3 billion in the third quarter, up 1.9 percent from a revised $98.4 billion deficit in the April-June period. In the April-June period, the government had fined the French bank BNP Paribas $9 billion for violating sanctions against Iran, Sudan and Cuba.» Read More
The dollar stands to gain from exports of petroleum products, these strategists say.
Arthur Cashin, UBS Financial Services, reflects on his time at Paine Webber, as it celebrates its listing 40 years ago.
China needs to allow the value of its currency to appreciate but its financial regulators should do so at a pace that will not hurt its economy, according to Pascal Lamy, Director-General of World Trade Organization.
Greece's bailout gets a green light and the dollar gets a lift - it's time for your FX Fix.
The yuan slips and Myanmar gets ready to float - it's time for your FX Fix.
Despite recording the largest monthly trade deficit in two decades, Uwe Parpart, MD & head of research at Reorient Financial Markets says the pick up in China's imports reflects strength in its domestic economy.
Francis Lun, Managing Director, Lyncean Holdings, is bearish on the Chinese economy and says the trade data shows a continued shrinking of the manufacturing sector. However, Dariusz Kowalczyk, Chief Investment Strategist, Credit Agricole, thinks China's growth is still strong, supported by rising domestic demand.
The yen's slide stops and all eyes are on the European Central Bank - it's time for your FX Fix.
Friday, the Commerce Department is expected to report the deficit on international trade in goods and services was $47.8 billion in December, unchanged from November.
A new employment report is on the way, and this strategist sees a trading opportunity.
The yen was a star in 2011, but this strategist thinks the party is over.
New GDP data will be released on Friday, and this strategist has a trading plan.
British trade data disappoints and Fitch offers tough love for the euro - it's time for your FX Fix.
“Part of the problem is people think we’re not back to where we were before the crisis," says one economist. "I think we’re working through this. There’s no pushing us off the recovery track.”
The euro zone agreement underwhelms and the Australian trade surplus slips — it's time for your FX Fix.
CNBC's Rick Santelli has the details on October trade, which came in at $43.5 billion.
The U.S. economy may still be struggling to recover from a recession that began three years ago, but there is a silver lining. According to business consulting firm AlixPartners, a weak dollar and rising wages in China have helped U.S. manufacturers close the competitiveness gap with their Chinese counterparts for the first time since 2007.
As global growth worries are coming to a head, China's policymakers are increasingly facing a tough choice: whether to get serious about ending their long-reliance on exports to power gross domestic product (GDP).
The industry is at a unique point in history, where economic growth overseas, high energy costs, demand for commodities and better recovery technologies have converged to swell revenue.
Italy sends the euro tumbling, and Britain needs more exports, please - it's time for your FX Fix.