16 December 2005, 17:18  Dollar improves on current account gap narrowing

The dollar pulled to even against the yen and trimmed its decline vs. the euro after a report showed the U.S. current account deficit unexpectedly narrowed by 1% to $195.8 billion in the third quarter. It was the second straight quarter of a narrowing deficit after the current account reached a record $198.7 billion in the first quarter. The deficit amounted to 6.2% of gross domestic product. The euro was changing hands at $1.1981 compared to $1.1988 around the time of the report's release. It's up 0.1% from late Thursday. The dollar was at 116.37 yen vs. 116.23 yen

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