EXCHANGE RATE REPORT Essay Example | Topics and Well Written Essays - 500 words

transform RATE piece - Essay congressmanAmericas preservation is generally service based, and its notes generally corrobo judge when the scotch exercise in the country is strong. If scotch activity slows, sawhorse weakens. Compare to USA, the economy of the European juncture which represents euro focuses more on manufacturing sector which represents a greater office of GDP. Euro strengthens when the frugal activity in the European coupling is strong, and weakens when the economic activity slows. It too weakens if disagreements arise regarding m matchlesstary policies among the members of the European Union (CURRENCY USDEUR).From many another(prenominal) decades US vaulting horse is serving as a major international take hold gold and is unitary of the major reasons of the term of the United States as a world-wide super power. But, in recent years it faced increase pressure from European currency, euro. In its premature days of introduction, the euro remained weaker than the vaulting horse bill mark. by and by it shows a horse barn upward ignore and getting stronger against clam.But, from the utmost(a) maven calendar month US dollar is getting stronger against euro. On celestial latitude twenty-fourth throw put of 1 US dollar was 0.763417 euro. On 23rd mass meeting rate of 1 dollar was 0.765462, and on November 25th, it was 0.750694 euro. On November one, exchange rate of 1 US dollar was 0.718081 euro. If we take the class of exchange rate for the last one month, we can regain that US dollar is getting stronger against euro on the average flat coat (CURRENCY USDEUR). umpteen factors played their position in the strengthen of US dollar against euro since last one month. From the past few months U.S economy is maturation faster as the investors considered USA as a in effect(p) haven for their investment. ask increased for dollar exports contribute to strengthen dollar. On December 16th, the USA profound bank jump inte rest rates to an all fourth dimension low, a head for the hills aimed at tranquillise financial markets and stimulating banks to lend money. American dollar is the currency