For at least two years from early 2006 to early 2008, the euro maintained a strong and steady rise in value against the U.S. dollar (USD). Which of the following were NOT a contributing factor in the assent of the euro and the decline in the dollar?
A.
severe U.S. balance of payments deficits
B.
a general weakening of the dollar after the attacks of September 11, 2001
C.
) large U.S. balance of payment surpluses
D.
All of the above were contributing factors.