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