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THANK YOU! That is much more easier to wrap my head around. Did banks rush into the Euro and it later evened out?
by Simulacra 3y ago
THANK YOU! That is much more easier to wrap my head around. Did banks rush into the Euro and it later evened out?
- TradingPlaces 3y agoMy read is that everyone is just looking to spread out risk more. At first this was the Euro, but then the 2014-5 crisis sort of killed that. Now it’s a wider range of currencies including Chinese, Japanese, Canadian and Aussie. The Chinese reserves are all in emerging market countries.