1. What is the impact of an appreciation of the USD (vs. the MXN) on

Volume of U.S. exports to Mexico Volume of Mexicos exports to the U.S.

The dollar value of U.S. investments in Mexico (and denominated in MXN)

The MXN amount it costs a Mexican borrower in the U.S. (and borrowing denominated in USD) to pay back loan

Answer all the above with a simple or