Home  Journals  Finance and Credit  4(436) - 2011 January

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

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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