When studying abroad last year,Reilly found that his U.S.dollars did not stretch as far as he had hoped.Each time he exchanged U.S.dollars for euros,he gave up more U.S.dollars in exchange for less euros.Obviously,the dollar had strength against the euro.
A low value of the dollar means a dollar is traded for less foreign currency.This is the case here.A high value of the dollar means a dollar is trading for more foreign currency.
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