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By Ashraf Laïdi

As head FX strategist at CMC Markets–one of the world's prime forex/commodity brokers–Ashraf Laidi is familiar with the forces shaping contemporary forex industry and their interaction with rates of interest, equities, and commodities. And now, with forex and Intermarket research, he stocks his huge reports during this box with you. through the ebook, Laidi outlines the instruments had to comprehend the macroeconomic and fiscal nuances of this dynamic box and offers you with insights which are necessary to taking advantage of some time inside it.

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Example text

S. S. dollar during the 1986 oil decline due to these nations’ oil import capacity relative to the United Kingdom. 3 percent against the dollar, while the deutsche mark and the Japanese yen both soared 21 percent. S. dollar made an equally memorable 40 percent plunge in the ensuing two years. By the end of 1987, the currency lost all of the gains incurred at the first half of the decade. Once again, the world’s top economies had to intervene, this time to support the falling dollar. The Louvre Accord of February 1987 was reached to stabilize the falling dollar and help other countries halt costly appreciations in their currencies.

S. economy remained largely insulated from the Asian crisis, and the dollar held firm all through 1997–1999. S. interest rates were higher than those in Germany (and later the Eurozone after 1999) and Japan. Low interest rates and a shrinking budget deficit helped the economy grow by more than 4 percent in 1997, 1998, and 1999, the highest three-year growth period since the mid-1980s. S equities as it was for the dollar. S. equities rose 1,448 percent, 59 percent, and 34 percent in 1998, 1999, and 2000 respectively.

Currency the new role of world reserve currency and establishing oil as the preeminent energy resource of the world. While the Bretton Woods era of the 1950s to 1960s was known as the gold-backed standard, the 1970s and 1980s ushered in a de facto oil-dollar standard. It is no coincidence that the dollar value of the world’s petroleum imports as a percentage of total fossil fuel imports fell from an average of 61 percent in the 1950s to 52 percent during the 1960s, before soaring to 70 percent in the 1970s.

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