by Summary:
The euro area trade surplus in general seems to be continuing, even as global trade weakens. Fundamentally this removes net euro financial assets from global markets that were sold by portfolio managers. Those managers include central bankers proactively selling their euro reserves over the last two years or so to buy US dollars, which has in turn kept the euro low enough to drive the surplus:
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WARREN MOSLER considers the following as important: Uncategorized
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The euro area trade surplus in general seems to be continuing, even as global trade weakens. Fundamentally this removes net euro financial assets from global markets that were sold by portfolio managers. Those managers include central bankers proactively selling their euro reserves over the last two years or so to buy US dollars, which has in turn kept the euro low enough to drive the surplus:
Topics:
WARREN MOSLER considers the following as important: Uncategorized
This could be interesting, too:
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The euro area trade surplus in general seems to be continuing, even as global trade weakens. Fundamentally this removes net euro financial assets from global markets that were sold by portfolio managers. Those managers include central bankers proactively selling their euro reserves over the last two years or so to buy US dollars, which has in turn kept the euro low enough to drive the surplus: