The European Central Bank’s (ECB) balance sheet size reached a fresh record high of €6,351.4 billion last week with quantitative easing adding €28.8 billion to total assets. Notably, the central bank’s balance sheet is now equal to 53.3% of Eurozone’s gross domestic product. Meanwhile, the US Federal Reserve’s balance sheet is equal to 32.3% of America’s GDP, as noted by popular analyst Holger Zscahepitz. Put simply, the ECB’s balance sheet expansion, as measured by the percentage of GDP, has been bigger than that of the Fed. Even so, EUR/USD has been on a tear of late. The currency pair has gained nearly 5% this month and now looks set to clear a 12-year-long falling trendline. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next S&P 500: Futures slip under 3,250 as risk dwindles post-Fed meeting FX Street 3 years The European Central Bank's (ECB) balance sheet size reached a fresh record high of €6,351.4 billion last week with quantitative easing adding €28.8 billion to total assets. Notably, the central bank's balance sheet is now equal to 53.3% of Eurozone's gross domestic product. Meanwhile, the US Federal Reserve's balance sheet is equal to 32.3% of America's GDP, as noted by popular analyst Holger Zscahepitz. Put simply, the ECB's balance sheet expansion, as measured by the percentage of GDP, has been bigger than that of the Fed. Even so, EUR/USD has been on a tear of late. The currency pair has… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
