The Balance of Trade data has varying degrees of effectiveness as an economic indicator, and its utility is largely dependent on the country in question and its own trade policies. The largest impact of Balance of Trade data in forex markets is typically seen in countries that have limited foreign currency reserves of their own. In these countries the release of Balance of Trade data can trigger volatility in the domestic currency. Balance of Trade is also a major component of a country’s current account, and in some cases a growing current account deficit is an indication that the trade deficit in the country is becoming unmanageable, leading to a devaluation of the nation’s currency.