What has been happening to the eurodollar exchange rate


When it was introduced in 1999, the Euro was intended to have a value similar to that of the US dollar. Initially, the Euro was weaker than the dollar. Currently, one euro is worth $1.24. What factors have caused the euro to appreciate in value relative to the dollar? Or, put differently, why has the dollar lost more than a fifth of its value relative to the euro? What has been happening to the euro/dollar exchange rate over the past six months? Why? (Give an analysis)

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Business Economics: What has been happening to the eurodollar exchange rate
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