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Now consider the foreign exchange market. Consider a scenario in which the excellent economic data from the United States were the sole news on that
Now consider the foreign exchange market. Consider a scenario in which the excellent economic data from the United States were the sole news on that day (no other news about the rest of the globe arrived). Based on your answers in (b) and (c), what do you think the dollar's exchange rate would do in that hypothetical case, and why? Explain. [1 line]
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