On 8 March 2023, the ABC News article RBA governor Philip Lowe says interest rate 'pause closer' with 'open mind' based on data reported the following: The Reserve Bank governor has indicated that the board is considering a pause after 10 consecutive interest rate rises In a speech to the AFR Business Summit, RBA boss Philip Lowe revealed the bank's board had actively talked about the possibility of leaving the cash rate target on hold at a future meeting, now that it is in "restrictive territory" at 3.6 per cent. Mr Lowe's comments are a stark contrast to the US Federal Reserve, whose chair Jerome Powell last night flagged the possibility of more aggressive rate rises. The divergence between the two central banks had already seen the Australian dollar lose a couple of per cent against the US dollar since yesterday's RBA meeting. Using the demand-supply model of exchange rate determination (including a proper demand-supply figure), explain why the news of interest rates in Australia and the US as above would lead to an immediate depreciation of the Australian dollar.