The website of the Federal Reserve Board of Governors (www.federalreserve.gov) contains economic data, in- cluding exchange rate trends of various currencies. 1. Determine how exchange rates of various curren- cies have changed in recent months. Note that most of these currencies (except the British pound) may be quoted in units per dollar. In general, have most cur- rencies strengthened or weakened against the dollar over the last three months? Offer one or more reasons to explain the recent general movements in currency values against the dollar. 2. Does it appear that the Asian currencies move in the same direction relative to the dollar? Does it appear that the Latin American currencies move in the same direction against the dollar? Explain.