Was it good or bad news for european consumers buying goods

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Reference no: EM131022867

When the euro was introduced in January 1999, the exchange rate was $1.19 per euro. In September 2013, the exchange rate was $1.35 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 United States? Briefly explain.

Reference no: EM131022867

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