United States USD

United States Current Account

Impact:
Medium

Latest Release:

Date:
Surprise:
$20.3B
| USD
Actual:
$-190.7B
Forecast: $-211B
Previous/Revision:
$-239.1B
Period: Q4

Next Release:

Date:
Period: Q1
What Does It Measure?
The United States Current Account measures the country's transactions with the rest of the world, encompassing trade in goods and services, net income received from abroad, and current transfers. This national indicator assesses the balance of trade, investment income, and unilateral transfers, which are crucial for understanding international economic relations and the sustainability of a country's financial position.
Frequency
The Current Account report is released quarterly, with final figures becoming available about 60 days after the end of each quarter.
Why Do Traders Care?
Traders monitor the Current Account as it significantly influences currency valuation and informs economic forecasts. A current account surplus typically strengthens the US dollar, while a deficit may lead to bearish trends in currencies and stocks.
What Is It Derived From?
The Current Account is derived from extensive data collection, including information from surveys of businesses, government agencies, and financial institutions. These data points are collected using methodologies that aggregate trade data, investment income, and transfer payments, providing a comprehensive view of the country’s economic transactions.
Description
The Current Account includes critical components such as the balance of goods and services, income receipts, and current transfers, offering insights into the economic health and global competitiveness of the United States. Interpretation of the Current Account balances has implications for mid- to long-term trends in foreign investment and economic policy.
Additional Notes
As a coincident economic measure, the Current Account acts as an indicator of economic performance relative to global markets. Analysts often compare it with other trade-related data, like the Trade Balance, to assess trade dynamics and overall economic health.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for USD, Bearish for Stocks. Lower than expected: Bearish for USD, Bullish for Stocks. Dovish tone: Signaling lower interest rates or economic support, is usually good for the USD but bad for Stocks due to higher borrowing costs.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
$-190.7B
$-211B
$-239.1B
$20.3B
$-226.4B
$-238.4B
$-249.2B
$12B
$-251.3B
$-256.3B
$-439.8B
$5B
$-450.2B
$-443.3B
$-312B
$-6.9B
$-303.9B
$-325.5B
$-310.3B
$21.6B
$-310.9B
$-284B
$-275B
$-26.9B
$-266.8B
$-260B
$-241B
$-6.8B
$-237.6B
$-206.4B
$-221.8B
$-31.2B
$-194.8B
$-209B
$-196.4B
$14.2B
$-200.3B
$-196B
$-216.8B
$-4.3B
$-212.1B
$-221B
$-214.5B
$8.9B
$-219.3B
$-217.5B
$-216.2B
$-1.8B
$-206.8B
$-213.2B
$-219B
$6.4B
$-217.1B
$-222B
$-238.7B
$4.9B
$-251.1B
$-260.6B
$-282.5B
$9.5B
$-291.4B
$-273.5B
$-224.8B
$-17.9B
$-217.9B
$-218B
$-219.9B
$0.1B
$-214.8B
$-205B
$-198.3B
$-9.8B
$-190.3B
$-191B
$-189.4B
$0.7B
$-195.7B
$-206.8B
$-175.1B
$11.1B
$-188.5B
$-189.9B
$-180.9B
$1.4B
$-178.5B
$-189B
$-161.3B
$10.5B
$-170.5B
$-157.9B
$-111.5B
$-12.6B
$-104.2B
$-103B
$-104.3B
$-1.2B
$-109.8B
$-109B
$-125.4B
$-0.8B
$-124.1B
$-122.1B
$-125.2B
$-2B
$-128.2B
$-127.8B
$-136.2B
$-0.4B
$-130.4B
$-125B
$-143.9B
$-5.4B
$-134.4B
$-130B
$-126.6B
$-4.4B
$-124.8B
$-124.3B
$-101.2B
$-0.5B
$-101.5B
$-103.5B
$-121.7B
$2B
$-124.1B
$-129B
$-116.2B
$4.9B
$-128.2B
$-125B
$-101.5B
$-3.2B
$-100.6B
$-116.8B
$-124.4B
$16.2B
$-123.1B
$-115.1B
$-113.5B
$-8B
$-116.8B
$-123.8B
$-114B
$7B
$-112.4B
$-128.3B
$-116B
$15.9B
$-113B
$-111.6B
$-118.3B
$-1.4B
$-119.9B
$-120.5B
$-131.8B
$0.6B
$-124.7B
$-125B
$-113.4B
$0.3B
$-125.3B
$-118.9B
$-129.9B
$-6.4B
$-124.1B
$-118B
$-111.1B
$-6.1B
$-109.7B
$-111.3B
$-118.3B
$1.6B
$-113.3B
$-117B
$-103.1B
$3.7B