If there's a huge increase in the number of Americans traveling to Europe (say, for the Olympics), then the effect on the foreign exchange market is that the

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With a huge increase in the number of Americans traveling to Europe, the demand for euros would increase as they would need to exchange their US dollars for euros to pay for goods and services while in Europe. This would lead to an increase in the demand for euros in the foreign exchange market.

If There's a Huge Increase in the Number of Americans