This is going to hurt your brain.
#Currencies
Why did EUR get stronger? Cause they bought bonds from somewhere else (or an opposing currency devalued by printing money)
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USDEUR
#Currencies
Why did EUR get stronger? Cause they bought bonds from somewhere else (or an opposing currency devalued by printing money)
๐งต๐
USDEUR
jPan and EUR and global liquidity.
jPan printed and then bought global bonds - likely a lot of EU bonds?
So what did EU buy now that they got all that liquidity?
Canadian bonds?
jPan printed and then bought global bonds - likely a lot of EU bonds?
So what did EU buy now that they got all that liquidity?
Canadian bonds?
wen u c it
So, my suspicion is this:
jPan prints - with that new minted money, they buy both canadian bonds and EU bonds.
Now that EU is funded, they use that funding to buy canadian bonds too.
oh what webs we weave....
Everyone is doing this to keep USDCAD weak to fight the price of oil
jPan prints - with that new minted money, they buy both canadian bonds and EU bonds.
Now that EU is funded, they use that funding to buy canadian bonds too.
oh what webs we weave....
Everyone is doing this to keep USDCAD weak to fight the price of oil
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