Wednesday, April 6, 2011

The Euro is taking off

Once a barrier is broken all the futures-and options traders are jumping in,then the quote is just skyrocking.
For us here it's getting even cheaper day by day,but it'll weaken Europes export sector as much as they are dependent to US imports of European goods.

The foreign trade balance 2011 between USA and Europe(Source:Financial Times):
the f.t.b. deficit is ovious and in comparable numbers existing since a long time.The USA is by 20% importing more goods from the EU than exporting.
But for how long anymore when the € is continuing his advancement?

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