Assume you are the economist for a MNC and your job is to keep the CFO and CEO abreast of events affecting the foreign exchange markets now.

Comment onone event occurring in the marketthat may affect exchange rates that your boss should be aware of and understand.

Your job is to make her look smart.

Base and support your conclusions the financial principles on: international monetary systems, the Balance of payments impact on multinational corporations and countries, creating or destroying shareholder value, the foreign exchange market, foreign currency derivatives, futures and options, the details of using Swaps to hedge rate and currency risk, and any additional research you can get from the web.