How has CFA currency been making the financial news? Describe this currency's recent macroeconomic history and economic conditions that influence its exchange rate. Illustrate the recent (one year or less) changes in exchange rates in text and geographically. Use the real effective exchange rate, or if those data are unavailable, the exchange rate with the US dollar may be used instead. Then summarize the developments and market forces reported in the articles that are seen as driving the recent appreciation or depreciation of the currency. Ensure your summary is a synthesis of the articles and not just a series of excerpts from your research (Do not summarize each article individually). Suitable charts of exchange rates are available from many online sources, including Google Finance, Yahoo Finance, and FOREX.com, among many others. However, the best source is often the Federal Reserve Bank of St. Louis FRED dataset. Follow this path in FRED: Categories/Money, Banking, & Finance/Exchange Rates. Use care in interpreting the currency being priced; for example, do you have $/ or /$. If the chosen currency has been appreciating, your graph should be upward sloping and vice versa. Next, apply the theory of supply and demand to further assess the recent trends employing the significant factors. Not all factors will be applicable, and the theory may occasionally seem in conflict with the current market movements. Your task is to reconcile the theory with the market. You may find this currency traders' rule of thumb helpful in your thinking: The local currency appreciates when funds flow into a country