30 July 2013
30 July 2013
Exchange Rate Perspectives: FX and the Financial Transaction Tax
Figure 28: U.S. Trade Balance with Western Europe IFigure 29: U.S. Trade Balance with Canada
IIIMII\icrotrov CUSS en Waal
0
-10
.12
-14
1994 1996 1998 2000 ZOO 2004 2006 2008 2010 2012 Annual (lOSS 0' I !hr. I
Saint Deralrinra 0
-20
-40
-60
-SO
-1C0
.120
-140
iFigure 30: U.S. Trade Balance with Mexico
) tars) — Annual flat bn )(tn.;
0
-1
-a
-4
-5
-e
1994 1996 19913 2000 2002 2004 2006 2009 2010 2012
Source Docise.Bant -4
4
-8
-10
-12 Monthly IUSS ber I
'Dam
AnnualiUSSbn
Onel
1994 1996 1998 2000 2002 2004 2005 2008 2010 2012
501.106:00140•801 0
-10
-20
-30
-40
-50
-60
-70
-80
-90
[Figure 31: U.S. Trade Balance with Latin America
10 2
0 1 -10
-20 0
-30
-40 4 -50
-60
-70 -4
-90 4
1993 1996 1998 2000 2002 2094 2006 2008 2010 2012 Irr.4corntyross
(oar-s)
—Annual0M te. /Serer
SOUICO Pasch*asl 20
10
0
-10
-20
-30
-40
-50
U.S Current --Account Balance Monitor
Figure 32: U.S. Current-Account Balance
(1980-2010)
-Annurrized Currant Accounts % of GDP
10
a0
30
a.0 Figure 33: U.S. Savings and Investment
((Private & Government Sector Savings-Investment)
10 1200
0 600 -I
0
30
-600
-50 .1200
-7.0 '-70
Ma -81 Mar-85 Mar-89 Mar-93 Mar-97 Mar-01 Mar-05 Mar-09 Ma -13
Satscit ObStrimin
Page 44 Prmite Sean &Una Gail %Ow lloranc4
1200
600
0
-600
-1200
-1800 i -1000
Mar-8I Mar-85 Mar-0O3 Mar-93 Mar-97 Mar-01 Mar-05 Mar-CO Ma -13
Sam OfilSVIIIII
Deutsche Bank Securities Inc.
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