Wednesday, August 12, 2015

15.08.06 US Trade Deficit since late 1960s

EUR/USD market arose in line with the increased US trade deficit since late 1960s, because the foreign investors holding USD in on-shore market in US had became afraid US government to prevent to bring out to overseas for USD soon.

And then, who were foreign investors made and spurred EUR/USD market in London? They seemed somewhat oil-power related someone.

Indeed, OPEC countries' imports consumption expenditures were paid on EUR of about 70% of total imports demand.



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