39. Carter Garcia is studying towards an online BS in Finance degree from George Washington University (US) and currently working as Quantitative Risk Analyst, Equities Intern for Vijaya Bank.

Carter is a part of the team that performs due diligence, document processing, financial modeling, statistical analysis, research, and presentation development.

Carter Garcia is preparing for a presentation about the exchange rates (FX) and the economy in front of several midsize corporate CEOs whose firms have significant amounts of exports and imports. After reseaching several databases, Carter found the following FX between (USD/EUR).

Can you help Carterto find out what is happening to the U.S. dollar value against Euro (appreciating or depreciating) in the first week of August 2019?

Options:

The U.S. dollar is appreciating against Euro.

Euro is depreciating against the U.S. dollar.

The U.S. dollar is gaining value against Euro.

The U.S. dollar is depreciating against Euro.