Word: euros
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Dates: during 2000-2009
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...sharp difference in prices. “There was definitely a [price] sticker shock,” he said. “I was not totally prepared.” In the past year, the dollar has fallen by 5 percent against the pound and 10 percent against the euro, hitting record lows. At press time, one euro was worth 1.46 dollars, according to the Bloomberg currency exchange. Students abroad this term made their decision to leave last March, when the outlook wasn’t quite so bleak. Christina L. Elmore ’09 said that when...
First, of course, there's hardly any certainty that the dollar will keep falling. Mark Zandi, Chief Economist of Moody's Economy.com, believes the free-fall might be slowing: "I think the dollar is near a bottom via the Euro, pound and Canadian dollar. Foreign exchange markets are already pricing in a very weak if not recessionary U.S. economy and substantial Fed easing." And while he thinks the dollar still has further to go in relation to the Chinese Yuan and other Asian currencies - he predicts another 5% to 7.5% until early in the next decade, when he thinks...
...great country must have a strong currency.' NICOLAS SARKOZY, President of France, during a visit to Beijing to lobby Chinese leaders to let their country's currency, the yuan, appreciate. The relative weakness of the yuan against the euro and the dollar stymies European and American exports to China by making them more expensive...
...researchers were especially interested in the set of outcomes where both players answered correctly. For any given prize value, the brain's reward response was bigger if the other player earned less. Players on average were more pleased with a 60 euro prize when the other player got just 30 euros, for example, than they were if both players earned 60 euros, or if the other player got more...
Still, the transition to E.U. membership could be tough, as Poland has an 18% unemployment rate and an inefficient farming sector. The nation's finances are also deteriorating, with total debt creeping up toward 60% of GDP. Sikora said most Polish economists believe Poland should adopt the euro as soon as possible, perhaps by 2007. But he says that uncertainties about the Growth and Stability Pact may push that date back a couple of years...