When the euro was introduced in 1999 the exchange rate was, Business Economics

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When the euro was introduced in 1999 the exchange rate was

When the Euro was introduced in 1999, the exchange rate was $1.19 per euro. In March 2011, the exchange rate was $1.42 per euro. Was this change in the dollar-euro exchange rate good news or bad news for U.S. firms exporting goods and services to Europe? Was it good news or bad news for European consumers buying goods and services imported from the U.S.? Explain each in detail.

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Business Economics: When the euro was introduced in 1999 the exchange rate was

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