One U.S. dollar bought ¥113.885 on Tuesday and ¥114.600 on Monday. One euro bought $1.1143 on Tuesday and $1.1155 on Monday. The Fed has raised interest rates and the European Central Bank is likely to lower interest rates.

1. Did the dollar appreciate or depreciate against the euro and the Japanese yen on Tuesday? Did the euro and the yen appreciate or depreciate against the dollar on Tuesday?

2. What events changed the exchange rate between the euro and the dollar?