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Assume that you are in Germany. The current spot exchange rate of the Euro (EUR) against the US dollar (USD) is 0.8426 EUR per USD

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Assume that you are in Germany. The current spot exchange rate of the Euro (EUR) against the US dollar (USD) is 0.8426 EUR per USD (EUR/USD). Suppose that the spot exchange rate is 0.8730 EUR/USD tomorrow. Has the USD appreciated or depreciated against the EUR? Calculate the percentage change in the USD. Show your working clearly and completely

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