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Assume the initial dollareeuro exchange rate was $1.21 per one euro. Now, the exchange rate is $0.99 per euro. Discuss which currency depreciates against which

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Assume the initial dollareeuro exchange rate was $1.21 per one euro. Now, the exchange rate is $0.99 per euro. Discuss which currency depreciates against which currency. Does Europe benefit from the change in the exchange rate? How? Does the United States benefit?. How? What should we expect for changes in the inflation rates for the two regions? Peitse prowide a tharoush analysis discussing the question from different perspectives

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