Economics class: Euro hit by bets ECB monetary policy will diverge from major peers
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Exchange rates, monetary policy
Click to read the article below and then answer the questions:
With reference to the chart, explain whether the euro appreciated or depreciated against the US dollar from Q1 — Q4 2021
Define hot money
Explain why speculators are likely to swap euro for sterling or USD
Using exchange rate diagrams, analyse the effect of these currency trades on the respective exchange rates
Gavin Clarke, Emmanuel College
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