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The US$1 is currently equal to A$1.368 in the spot market. Also, the expected inflation rate in Australia is 0.022 percent whereas it is 0.035

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The US$1 is currently equal to A$1.368 in the spot market. Also, the expected inflation rate in Australia is 0.022 percent whereas it is 0.035 percent in the U.S. What is the expected exchange rate one year from now if relative purchasing power parity holds? Round up to four decimal places

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