Since the start of the year, the Serbian economy also saw a significant improvement in external imbalances. After it went down by more than a third last year, the current account deficit began to decline since the start of 2021 and equalled only 1.8% of GDP in the first half of the year.
A report released by the Australian Prudential Regulation Authority attributes the losses to the four currency options traders who, possessed of an abundance of self confidence, positioned the NAB’s foreign currency options portfolio in the expectation that the fall in the US dollar that occurred mid last year would reverse and that volatility would eventually stabilize.