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The United States immerses in global oil markets with their production through 'fracking'. How does it affect the euro/d...

The United States immerses in global oil markets with their production through 'fracking'. How does it affect the euro/dollar exchange rate?

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This will lead to a depreciation in the Euro / Dollar exchange rate as more and more nations from the Euro will demand that gas and that will increase the US exports appreciating the US dollar at a higher demand and depreciating the Euro at a lower demand for it. the Euro/ Dollar exchange rate will depreciate.

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