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EUR/USD as a global indicator of economic activity
Available online: 24 January 2011 Subject Heading: CURRENCY-CREDIT RELATIONS JEL Classification:
This article examines with the help of US and Euro Area macroeconomic statistics the significance of EUR/USD rate as an indicator, determining the dynamics of international stock and commodity markets. The author concludes that US trade balance is a key factor for EUR/USD and global indicator of business activity. Keywords: stock market, EUR/USD, correlation, foreign exchange market, trade balance ![]() |
![]() ISSN 2311-8709 (Online)
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