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Suppose the USD/Euro exchange rate moves from USD 1.16 = EUR 1.00 to USD 1.05 = EUR 1.00. Would US importers from Europe or US

Suppose the USD/Euro exchange rate moves from USD 1.16 = EUR 1.00 to USD 1.05 = EUR 1.00. Would US importers from Europe or US exporters to Europe be expected to benefit from this change? Explain your reasoning

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