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An Italian shoe manufacturer has just agreed to buy $1.25M in high quality leather from a U.S.company. How many EUR will they need to make

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An Italian shoe manufacturer has just agreed to buy $1.25M in high quality leather from a U.S.company. How many EUR will they need to make this payment if the current bid/ask quote they get from their FX dealer is EUR/USD 1.3542-1.3575

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