ACC506 Module 2 Discussion.pdf

ACC506 Module 2 Discussion.pdf - Module 2 Discussion How do...

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Module 2: Discussion How do these changes affect consumers and businesses that operate only in the U.S.? In addition, consider recent events (those from the last two years or less) that may have affected the U.S. dollar’s strength or weakness. Examples include recent elections or government activity, U.S. debt and rating, interest rates, and the like. In addition, you may want to include an example key currency (like the British Pound; the Japanese Yen; or the Euro) and include or prepare a chart showing the changes in the exchange rate of the US dollar against one of those currencies as part of your posting to answer the above Discussion Forum questions using that currency and that chart as an example. I believe it will bring a lot more realism to your answers to the Discussion Forum questions approaching it this way and will be quite interesting. For the two years, you can use Calendar Year 2016 and Calendar Year 2015, for example, or for the two years ending June 30, 2017 the choice is yours. ************************************************** There are many factors that influence U.S. dollar (USD) in foreign exchange rates. Trade deficits have had some serious financial consequences to the USD. One big factor that has made an influence for many years is the importing of oil. Not only is oil used for fuel, it is also used to produce steel, rubber, fertilizers, aluminum, plastics and fabrics. Oil drives the U.S. economy. When the U.S. has to increase importing oil, the USD may lose value against other currencies because of supply and demand rules. Currently the U.S. consumes the most oil of any country at 19.6 million barrels per day (Slav, 2017), while the U.S. exports one million barrels per day they also import about 8 million barrels per day (Rapier, 2017).
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