Retailers balk at the high price of the athletic equipment

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Reference no: EM131082852

Your Company sells athletic Uniforms and other sports equipment to retailers in France. Your company of course wants to be paid in US Dollars. Meanwhile the dollar is getting stronger against the Euro every day. The French retailers balk at the high price of the athletic equipment. What would you suggest to your company about the price of the equipment?

Positive or negative for the US Dollar:

FX Yen: Bank of Japan lowers interest rates below zero_________________

FX Euro: Riots occur in France, Greece and Portugal defaults on its debt_________________

FX Yuan: The Peoples Bank of China increases their interest rate_________________

Your country bought ?Construction Equipment that costs 20 million Euros. Checking the date of May 2nd, How many dollars did this cost?

Reference no: EM131082852

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