Part of the reason that the USD has held up despite the huge current account deficit?
BBC NEWS | Business | EU firms enjoy US spending spree: "The volume of US companies being taken over by their European rivals is now nearing its highest level in four years, according to a financial report.
So far this year businesses in Europe have spent $47.2bn (�27bn) buying up 262 of their American counterparts. "
Friday, August 05, 2005
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