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Portugal has been trying to export its way out of the economic mess that it has been in for some time. And it has been doing an amazing job, particularly given its poor export track record and deteriorating economic conditions in the eurozone. Portugal's exports now make up close to 40% of its GDP vs. 25% 3 years ago. The nation's trade deficit has nearly disappeared in part due to falling domestic demand but also to improved exports.
In the following video, we evaluate the two comparisons for the present based on the historical price action and standing of a number of markets. These include the S&P 500, the...
Gold Corrected from a 3-Week HighThe gold price (XAU) corrected from a three-week high on Thursday as the US dollar recovered after a day's decline. XAU/USD lost 0.38% in...
US import prices see largest surge in two yearsInvestors scale back Fed rate cut betsYen slides on BoJ bond operation, Ueda’s remarksWall Street pulls back after hitting...
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