Reflecting his analysis of the U.S. balance of payments deficit, Levy owns a large position in the euro.

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China will likely post in the second quarter its first balance of payments deficit since 1992.

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The balance of payments deficit is rising.

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The government has sought to keep the balance-of-payments deficit within reasonable bounds by slowing the economy.

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Sri Lanka approached the IMF regarding a loan in March, when its balance of payments fell into deficit for the first time in four years.

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It allowed countries lucky enough to have a boomerang currency to disregard the internal consequences that would have resulted from a balance-of-payments deficit under the gold standard.

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They make much of the finding that capital is draining from America to the third world, and of the fact that recently America has run a deficit in its balance of payments.

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As such, recent trends in trade flows and the balance of payments suggest that the current account deficit for this fiscal year will likely reach a record of about 5% of GDP before narrowing closer to 4% next year.

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