In today's newspaper you read that the spot exchange rate e = $1.200 per and the 6-month forward exchange rate f = $1.212 per . Furthermore, you know that the per annum interest rate in the euro area is 2%. Imagine that suddenly, the annual US interest rate increases by 4 percentage points. What will be the new annual U.S. exchange rate? Assuming that the spot exchange rate remains unchanged, what will be the effect on the 6-month forward rate?