Question
The exchange rate for the Australian dolllar is currently 1.40 Australian dollars/US$. This exchange rate is expected to rise by 10% over the next yerar.
The exchange rate for the Australian dolllar is currently 1.40 Australian dollars/US$. This exchange rate is expected to rise by 10% over the next yerar. Is the Australian dollar expected to get stronger or weaker, nd why?
A.) Weaker, because the US dollar will buy more Australian dollars.
B.) Stronger, because the Australian dollr will cost more
C.) Weaker, because the exchange rate decreases
D.) Stronger, because the price of its exports will increase
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The Handbook Of Energy Trading
Authors: Stefano Fiorenzani, Samuele Ravelli, Enrico Edoli
1st Edition
1119953693, 978-1119953692
