ADVISORY/Euro-Phoria Fizzles on Eve of Euro's First Anniversary.Assignment/News Editors ADVISORY... --(BUSINESS WIRE) But Benefits of Single Currency Change the Way U.S. Companies Conduct Business in Europe Europe (y  r`əp), 6th largest continent, c.4,000,000 sq mi (10,360,000 sq km) including adjacent islands (1992 est. pop. 512,000,000). ; Ruesch International Expert Available for Comment The euro, Europe's new single currency, has dropped more than 15 percent in value against the U.S. dollar since its launch a year ago on January 4, reports Alex P. Beuzelin, Market Analyst at Ruesch International. Predicted to rival the U.S. dollar and the Japanese yen “Yen” redirects here. For the other use, see Yen (disambiguation). “JPY” redirects here. For the Australian singer with the same moniker, see John Paul Young. as a benchmark currency, the euro reached a seven-month high against the U.S. dollar in mid-October, but has plunged more than 9 percent during the past 8 weeks. "Despite its volatility during the first year, the single currency is changing the way U.S. companies conduct business in Europe making it easier to reduce risk and create bottom-line savings," observes Beuzelin. About Alex Beuzelin Reporters interested in interviewing Mr. Beuzelin (BYOO-za-lin) can contact him directly at 800/424-2923. As Senior Market Analyst, Beuzelin assesses the economic, financial, political, and technical factors that drive the movements of more than 25 major currencies. He holds an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration in finance from Johns Hopkins University Johns Hopkins University, mainly at Baltimore, Md. Johns Hopkins in 1867 had a group of his associates incorporated as the trustees of a university and a hospital, endowing each with $3.5 million. Daniel C. and a BA in economics and political science from McGill University McGill University, at Montreal, Que., Canada; coeducational; chartered 1821, opened 1829. It was named for James McGill, who left a bequest to establish it. Its real development dates from 1855 when John W. Dawson became principal. in Montreal, Canada. About Ruesch International Ruesch International is a financial institution that specializes in international payments and related services. A leading provider of foreign exchange risk management strategies, Ruesch International monitors currency markets for over 30,000 corporate clients worldwide. Handling more than $7 billion in cross-border transactions yearly, the corporation operates trading departments in London, Zurich and its Washington, D.C. headquarters. It also maintains offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , Chicago, Boston and Atlanta. Ruesch opened its ninth office in Prague in March 1999. |
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