.' ........ - News eta decline in leading economic indicators in Eurorg should c}- Will cause the Euro to depreciate against the dollar today because traders believe it will rise in the future with a decline in future output in Europe. CT- Will cause the Euro to depreciate against the dollar today. since an anticipated decline in future output in Europe will lead to lower interest rates in Europe. Q:- Will cause the Euro to appreciate against the dollar today. since foreign exchange trades wlll likely believe the European Central Bank will take measures to stimulate the European economy in the future. cj:- Have no impact on the current value of the Euro in terms of the dollar since the anticipated decline is in the future and is not impacting current currency fundamentals such as interest rates. money supplies or output. :3- Will cause the Euro to depreciate against the dollar today because foreign exchange traders understand that government ofcials often try to paint a better economic forecast than will eventually materialize and so any news of a decline in an leading economic indicator means things will turn out worse than forecast