The reason for the strength of the euro

China has inked trade deals worth several billion euros with Germany, its largest trading partner in the EU, after talks between their government leaders this week. (Source: W/DW

The developing countries need the German technologies and know-how. They have to buy euros to get them.

The world has more competitive goods and services than the US. This is the reason for the weakness of the dollar relative to the euro.

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
2009 Market Timer of the Year by Timer Digest

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