O'Reilly logo

The Foreign Exchange Matrix: A new framework for understanding currency movements by Barbara Rockefeller, Vicki Schmelzer

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Chapter 11 – The Euro and the New Gold Standard

“ ‘When I use a word,’ Humpty Dumpty said, in rather a scornful tone, ‘it means just what I choose it to mean – neither more nor less.’ ”

Lewis Carroll, Through the Looking Glass

The euro was advertised as a rival to the dollar for several years before it actually come into existence in January 1999. Delegations of top European officials periodically descended upon the finance ministries of high reserve currency countries, notably China and also Japan, Taiwan and South Korea, to promote the euro as an alternative reserve currency. This is not historically abnormal – the UK pound shares reserve currency status with the US dollar today. The euro has some of the characteristics of a reserve currency ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required