Exchange rate (euros per dollar) 1.17 0.68 0 S01 D09 509 D01 Quantity (trillions of dollars per day) The figure above shows the market for foreign exchange in 2001 and 2009. Which of the following could have led to the shifts illustrated in the figure above? i. The U.S. exchange rate was expected to depreciate between 2001 and 2009. ii. The U.S. exchange rate was expected to appreciate between 2001 and 2009. iii. The U.S. interest rate fell relative to interest rates in other countries between 2001 and 2009