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The USA central bank's monetary policy responses to the COVID-19 pandemic, would result to lower interest rates in Australia relative to the United States of

The USA central bank's monetary policy responses to the COVID-19 pandemic, would result to lower interest rates in Australia relative to the United States of America (USA) and, in turn, cause a depreciation of the Australian dollar. Analyse how the combined actions of financial investors resident in Australian and those living in USA would cause the Australian dollar to depreciate. Use the supply and demand diagram of the Australian dollar to illustrate your answer.

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