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September 29, 2006
The
12 member countries of the European Union adopted the Euro in 1999. (Denmark, Sweden and UK are using their own currency only). Investors used to invest domestically mainly, but with the Euro introduction more investors are now attracted to euro areas. Euro is a floating exchange rate, therefore market demand and supply controls the value of the currency. As a result the market value of the Euro is the reflection of its real
From The
Posted by Ryan at September 29, 2006 08:16 AM
