European finance ministers at the G-20 meeting which opened Saturday november 20th, are expected to discuss the current exchange rate of the euro vs. the dollar. The euro is currently trading high against the dollar, so that it takes around $1.34 (as of December 4 2004) to buy 1 euro. This has the effect of making exports from Europe to the USA more expensive, increasing the likelihood that US consumers will buy from a non-EU country. The exchange rate is set by the currency markets, although it is heavily influenced by the current account status (ie. the balance of trade between countries). References Yahoo The Economist  
European finance ministers at the G-20 meeting which opened Saturday , November 20th, are expected to discuss the current exchange rate of the euro vs. the dollar. The euro is currently trading high against the dollar, so that it takes around $1.34 (as of December 4 2004) to buy 1 euro. This has the effect of making exports from Europe to the USA more expensive, increasing the likelihood that US consumers will buy from a non-EU country. The exchange rate is set by the currency markets, although it is heavily influenced by the current account status (ie. the balance of trade between countries). References Yahoo The Economist XE Category:Europe Category:United States Category:Economy and business Category:Publishe
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Category:Europe Category:United States Category:Economy and business Category:Publishe