Current Account - Definition

One of the two primary components of the Balance of payments, the other being the Capital account. It is the sum of the Balance of Trade (exports minus imports of goods and services), net Factor income (such as Interest and dividends) and net transfer payments (such as foreign aid).

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There are many factors that affect exchange rates of currencies. However some are more important in currency trading than others. These are; Interest and Inflation rates, Trade balance, Currency market speculation, Foreign investment and Central bank market intervention. Learn how to use these factors in your forex tra ...

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