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4 . Suppose that, at the beginning of the semester $ 1 . 0 8 would purchase 1 . 0 0 Euro. Suppose, also, that

4. Suppose that, at the beginning of the semester $1.08 would purchase 1.00 Euro. Suppose, also, that it now takes $1.17 to purchase 1.00 Euro. Also, suppose that at the beginning of the semester, $1.2739 purchased 1.00 while it now takes $1.2564 to purchase 1.00. At the same time, at the start of the semester, the $1 would purchase 146.39 Japanese Yen while $1 will now purchase 150.81 Japanese Yen. Has the U.S. $ gotten stronger or weaker versus each these currencies over the past month? Identify and explain events in the U. S. economy that might cause these exchange rates to change as they have.

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