According to the US Congress, the US budget deficit reached $72 bn in July 2012. As a result, over the last 10 months, the total deficit is estimated at $975 bn. The US government tries to call down everyone by saying that the consolidated deficit is $125 bn less than the one seen last year.
The official report will be released on Friday.
Yesterday, the US published its working efficiency. The indicator increased by 1.65 in Q2 2012. The index excludes agriculture because it is highly dependent on seasonality.
If to consider the unemployment increase (8.3%), we can conclude that the working efficiency increased at the expense of job cuts while the production volume remained unchanged.
Forex.
According to , the USD index is seeing a downtrend in the form of wave «а(С)/С» started at 83,62. The following levels are the closest levels of support: 81,75, 81,45 and 81,11. The top of the MF sloping channel and pivot 83,24 represent resistance. A break above them may initiate a trend reversal.
