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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
US DATA
- The US current account deficit was both smaller than expected in Q2 ($251.1B vs $260B) and from a downward revised Q1 ($282.5B from $291.4B).
- The improvement came as exports increased faster than imports, largely reflecting “industrial supplies and materials, primarily petroleum and products”, rather than import compression.
- However, even with the faster than expected narrowing from the Q1 high of 4.6% to 4.0% GDP, it remained at deficits last seen in the mid-2000 excesses prior to the late 2008 correction, something that rampant dollar strength, with DXY up 15% YTD, will only likely exacerbate going ahead.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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