Question

Why did the International currency US currency decline?

Answer 1

Answer:

▶The U.S. dollar decline when the dollar's value is lower compared to other currencies in the foreign exchange market. it means the dollar index falls. It also means the euro to dollar conversion is higher because euros get stronger and can buy more dollar when the U.S. currency weakens. ✔

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Answer 2

Answer:

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In addition to the trade deficit, the U.S. dollar's decline was linked to a variety of other factors, including a major spike in oil prices. Economists such as Alan Greenspan suggested that another reason for the decline of the dollar was its decreasing role as a major reserve currency.

Explanation:

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