An Australian sheep farmer has just signed a contract to sell 100 tons of wool to a Chinese garment maker at the spot price of Chinese Yuan CNY 400/ton with settlement in 3 months. The current exchange rate is AUD/CNY 4.80 / 4.9 a) The commodity currency is the the exchange rate the sheep farmer will transact at is and can expect to receive in 3 months. (hint: do market research to find out which is the stronger currency, the AUD or CNY to clearly identify which is commodity and term) In 3 months, the AUD/CNY has changed to 4.85 / 4.93 b) With the new exchange rate, the wool farmer will now receive is off by Please put an answer in each box. A large Australian company wishes to raise short-term capital and decides to do so in the US short-term money market (STMM) because interest rates in the US are lower than in Australia. It issues a 90-day USD $1,000,000 FV Corporate Note which is promptly bought by a US investor. The Australian company decides not to re-finance the Note and will have a USD $1,000,000 liability pay in 90 days using it's AUD earnings. Which of the following currency movements is not beneficial to the Australian company? (select multiple answers if correct) Select one or more: a. AUD falls aginst the USD b. AUD appreciates against the USD c. USD appreciates against the AUD d. USD falls against the AUD