Forex Flash: Reducing US current account thriough energy production is daunting – JPM

FXstreet.com (Barcelona) - According to John Normand at JP Morgan's Global FX Strategy: “the arithmetic of reducing the US current account deficit through energy production is daunting,” the analyst says, arguing that “structural improvement in the US balance of payments must contend with the cyclical environment created by loose Fed policy during the next few years of fiscal tightening,” John concludes.