; news; real-time
data; United States; euro area; interdependence; US dollar euro; EMU.
5
ECB
Working Paper Series No. 365 …
appreciation of the US dollar, while an unexpected tightening by the ECB/Bundesbank
should lead to an appreciation of the euro … monetary policy news by the Bundesbank and the ECB did
not have a significant effect on the DEM and euro exchange rates vis …