1 USD to EUR US Dollars to Euros Exchange Rate
The ECB realized that its strategy had backfired and began lowering its prime rate. As a result, the euro’s value rose by 20% between March 3 and December 1. In addition, investors’ fears of the $13 trillion U.S. debt caused them to flee the dollar and dollar-denominated bonds. Since the euro’s launch on January 1, 1999, …
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