EUR/USD
1.13265
-0.476%
Gold
3972.10
-3.359%
Oil
70.250
-3.626%
USD/JPY
161.736
0.106%
GBP/USD
1.31481
-0.416%
GBP/JPY
212.654
-0.306%
Real-time News
On June 24th, US President Trump stated that Iran told the US it did not seek or collect tolls, insurance fees, or any other form of payment from ships transiting the Strait of Hormuz, subsequently extending the decline in oil prices. Both Brent and WTI crude fell by more than 3%. His remarks came as traders became increasingly optimistic that supplies through the Strait of Hormuz would gradually return to normal, with supplies from major Gulf oil-producing countries expected to recover soon.New York gold futures fell below the $4,000 mark for the first time since November last year, down 3.5% on the day.New York silver futures plunged 6.00% on the day, currently trading at $58.34 per ounce.June 24th - The U.S. current account deficit widened to $226.8 billion in the first quarter, an increase of $5.8 billion, or 2.6%, from the revised $221.1 billion in the fourth quarter of last year. The current account deficit as a percentage of GDP rose slightly to 2.9% from 2.8%. The widening deficit was not due to trade. The goods trade deficit actually narrowed, with exports of goods and services jumping $50 billion to $1.38 trillion. The main drag came from primary income, which shifted from a surplus in the fourth quarter to a deficit in the first quarter. This account reflects the difference between the returns on foreign assets held by U.S. residents and the returns on U.S. assets held by foreign residents. This shift reveals a change in relative returns and rising costs of financing an increasingly unbalanced balance sheet. It is noteworthy that the annual revision was substantial. The fourth-quarter deficit was revised to -$221.1 billion from an initial -$190.7 billion, and the net international investment position was also revised by nearly $6 trillion.The U.S. current account deficit in the first quarter was $226.8 billion, compared to an expected deficit of $215 billion and a revised deficit of $221.1 billion in the previous quarter (originally reported as $190.7 billion).
