Australian current account deficit hits record
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Australiaâs current account deficit widened to a record level in the third quarter, putting downward pressure on the nationâs fast-growing economy and sending the countryâs currency lower.
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The U.S. current account trade gap  widened to a record $164.71 billion in the third quarter, data  showed on Thursday. The deficit, the broadest measure of U.S.  trade, was not as great as feared, spurring a dollar rally.
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The U.S. trade deficit in November surged to the highest level in 14 months, reflecting record imports of foreign oil. The deficit with China declined slightly while the weak dollar boosted exports to another record high.
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The broadest measure of the country&#39;s trade and investment flows registered a record deficit of $164.7 billion in the third quarter, the Commerce Department said Thursday.
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Growing world markets for minerals and energy will help push Australia&#39;s commodity exports up 15 percent to a record 95 billion Australian dollars (US$71 billion; euro54 billion) this fiscal year, the government&#39;s chief commodities forecaster said Monday.
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The U.S. current account deficit  narrowed more than expected in first quarter to &#36;208.7 billion,  as exports of U.S. goods rose more than goods imports and  unilateral current transfers fell sharply, the Commerce  Department said on Friday.
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The euro hit a record high against the  yen on Thursday and approached this week's all-time peak versus  the dollar, underpinned by concerns over the U.S. current  account deficit.
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The UK's current account deficit, a key economic indicator, widens to a record level, official data shows.
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The Reserve Bank says there has been a sharp increase in activity on Australia&#39;s foreign exchange markets over the past three years.
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The Australian dollar rose to its highest in 8 1/2 months against the US currency on speculation Reserve Bank of Australia Governor Ian Macfarlane will signal the bank intends to raise its key rate of interest.
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THE Commerce Department reported today that the United States recorded a $US54 billion ($74.55 billion) trade deficit in August, the second highest level on record.
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Australia&#39;s economy expanded 1.6 percent in the March quarter, posting its strongest growth in three years and sending the Australian dollar to a 17-year high, official data released Wednesday showed.
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The burden of paying off household debts has reached record levels, says a leading firm of accountants.
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The U.S. trade deficit, propelled by a record foreign oil bill, surged to $54 billion in August, the second highest level in history. The politically sensitive deficit with China hit a new high as American retailers upped their orders for cell phones, toys and televisions.
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The deficit in the broadest measure of trade climbed to a record high of $164.7 billion in the third quarter of this year, reflecting Americans&#39; hardy demand for imported oil and foreign-made goods.
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The huge U.S. current account  deficit widened in the third quarter to a record $225.6  billion, as gushing oil prices and strong demand for Chinese  and other foreign goods pushed imports higher, a U.S. Commerce  Department report showed on Monday.
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THE Australian share market continued its recent bullish performance yesterday, with offshore gains driving the bourse to record highs.