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James McCormick, a currency strategist at J. P. Morgan Securities, said that on the basis of client trading flows, "no one was short the euro this time around, so no one got hurt".
The rationale behind these moves is to attract larger trading flows so that it can enhance the exchange's profitability (Kazmi 2012, Lim 2013).
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Capital and trade flows collapsed.
Trade flows have also changed.
Trade flows would be severely disrupted.
But trade flows seem to contradict that analysis.
The two nations have minuscule trade flows totaling about $1 billion.
Exports have contracted sharply as world trade flows dwindle.
Trade flows collapsed, and companies and individuals stopped spending.
This will be the first fall in trade flows since 1982.
For America 99% of trade flows accounted for just 25% of trade.
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