U.S. dollar weakens in the foreign exchange market
What is the meaning of “U.S. dollar weakens in the foreign exchange market”?
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When the U.S. dollar weakens in the foreign exchange market one U.S. dollar buys fewer units of another country’s currency. It costs more U.S. dollars to buy a given quantity of another country’s currency.
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Mr. James K. Silber, an avid international investor, sold a share of Rhone-Poulenc only, a French firm, for FF42. The share was bought for FF42 year ago. The exchange rate is FF6.15 per U.S. dollar and was FF6.65 per dollar a year ago. Mr. Silber acquired FF4
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