Question
If the Fed announces that it will decrease the U.S. interest rates, and European Central Bank takes no action, then the value of euro will
If the Fed announces that it will decrease the U.S. interest rates, and European Central Bank takes no action, then the value of euro will ____ against the value of U.S. dollar (holding other factors constant)
Group of answer choices
be unchanged
depreciate
appreciate
depreciate but only briefly
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Technical Analysis The Complete Resource for Financial Market Technicians
Authors: Charles D. Kirkpatrick, Julie R. Dahlquist
1st edition
134137043, 134137049, 978-0131531130
