| Definition:
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The current account is a quarterly tally of the international trade balance. The report details the balance on goods, services and investments.
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| Meaning:
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The current account report portrays the U.S. foreign trade picture as well as the flow of investment to and from the U.S. The current account, like international trade, mainly impacts the foreign exchange value of the dollar. Analysts place more weight on the international trade report because the current account report is released so long after the reference quarter.
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| Weight:
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*
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| Source:
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U.S. Department of Commerce: Bureau of Economic Analysis
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| Availability:
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Data is released the third month following the reference quarter.
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| Frequency:
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Quarterly
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| Coverage:
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3 Month Lag Factor (data for 1Q is released in June)
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| Volatility:
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Low
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Impact on the Markets:
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| Interest Rates:
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Budget Deficit *  =
Interest Rates *deficit becomes less negative
Budget Deficit  = Interest Rates
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| Fixed-income:
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Budget Deficit * = Bond Market
Budget Deficit = Bond Market
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| Equities:
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Budget Deficit * = Stock Market
Budget Deficit = Stock Market
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| Dollar:
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Budget Deficit * = Dollar
Budget Deficit = Dollar
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| More Information:
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U.S. Department of Commerce: Bureau of Economic Analysis
U.S. Department of Commerce: Bureau of the Census
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