The Next Big Move in FX Markets
It’s only a matter of time before the euro suffers a huge fragmentation as German policy makers bring back the deutsche mark. This one move will serve as the cornerstone of transformation for the Eurozone. We have been expecting this transformation in reference to the domestic use of the euro for some time now.
The monetary imbalance challenges in the Eurozone are a micro version of the international macro imbalances. The economic and financial pressure which is building between trade surplus nations and trade deficit nations, on both levels, will need to be dealt with sooner rather than later.
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