Are the fundamental reasons for U.S. Dollar weakness getting worse?
*Financial Times, by Christopher Swann, March 9, 2006:
Trade gap widens to $68.5bn in the US
"The US trade deficit widened to a record $68.5bn in January, with
exporters unable to match the blistering pace of import growth.
The deficit was up $3.4bn on the previous month. The politically
sensitive bilateral deficit with China accounted for much of the
deterioration, with the shortfall increasing from $16.3bn to $17.9bn.
Overall, exports grew by $2.8bn to $114.4bn but imports far outpaced
this rising $6.2bn to $182.9bn.
With exports so much smaller than imports, exports need to rise much
faster in percentage terms than imports just to prevent the deficit
from widening. Recently American businesses have not been able to
manage this and many economist believe that they are unlikely to do so
any time soon."
*This information is solely a highlight of the opinion of a third-party publication and is incomplete. Please subscribe to this publication for the full and timely opinion of the author and call a Monex Account Representative for any additional up-to-date information. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.
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