On June 23, 2016, the U.S. dollar was trading at 0.68 U.K. pounds per U.S. dollar on
Question:
On June 23, 2016, the U.S. dollar was trading at 0.68 U.K. pounds per U.S. dollar on the foreign exchange market. On June 25, the U.S. dollar was trading at 0.76 U.K. pounds per U.S. dollar.
a. What events could have brought this change in the value of the U.S. dollar?
b. Did the events you’ve described change the demand for U.S. dollars, the supply of U.S.
dollars, or both demand and supply in the for eign exchange market?
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a Multiple factors can influence the exchange rate between two currencies Here are a few potential events that could have led to the US Dollar to UK P...View the full answer
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