Questions and Answers about
Euro
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in BusinessThe American Dollar and the European Euro are the two most-traded currencies globally. What is the third?
Answer: The Japanese yen is the third most-traded currency globally. The currency fell against the US dollar to levels last seen in 1998. The Bank of Japan, on June 10, 2022, gave a rare statement that it may intervene if the weakness persists.
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in BusinessHistorically, what was the euro’s lowest rate against the dollar?
Answer: Euro fell below 99 US Cents for the first time in two decades on Aug. 9, 2022. The euro’s all-time high of $1.18 was achieved shortly after its launch in Jan. 1999, but it then fell to a record low of 82.30 cents in October 2000. The last time the euro was valued below…
