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[Exchange rate movements] Go to the Web site of the Federal Reserve Bank of St. Louis (FRED) (research.stlouisfed.org/fred2/) and download and plot the U.S. dollar-euro exchange rate (EXUSEU), the U.S. dollar-yen exchange rate (EXJPUS), and the U.S. dollar-Canadian dollar exchange rate (EXCAUS) for the period from 2001 to the present. Answer the following questions on the basis of your graphs.

a. In what year did the euro reach its highest value?

b. During the financial crisis of 2007-2009, did the yen appreciate or depreciate against the dollar? Briefly explain.

c. Against which currency did the U.S. dollar depreciate the most during this period?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91738451

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