For nearly six months, the U.S. central bank, the Federal Reserve, has been raising the federal funds rate by three percentage points (0.25% to 3.25%). The Fed implemented this tightening monetary policy mainly to address the scorching domestic inflation. But he also has many drawbacks, please explain the following question in detail. It needs to be explained using equations or graphs from Intermediate Macroeconomics.

(i) How the tightening monetary policy of the Federal Reserve will affect the AUD/USD exchange rate.