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As you may have known, the US dollar has appreciated a great deal versus many other currencies within the last year. It has in fact reached 9-year highs versus the Euro in recent weeks. (On January 7th, the dollar euro exchnage rate was 1.18! A level unheard for most of us) Please write a response no less than 300 and no more than 600 words on the following question after having done some research on the web. Some useful cites to go to are bbc.com, economist.com, bloombergview.com, nyt.com (They had a story about the effects of a strong dollar recently) and barrons.com. Please cite your sources.
What were the reasons that led to Dollar’s climb against the Euro at the end of 2014 and at the beginning of 2015? What are the benefits and disadvantages of dollar’s appreciation for the US economy?
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