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You have a small business that is engaged in exporting products to the US and based in Australia. You are a customer of Dodjee Bank

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You have a small business that is engaged in exporting products to the US and based in Australia. You are a customer of Dodjee Bank which has given you the following quotes between US dollar and Australian dollar 1. ASK 0.7348 USD AUD 0.7352 USD/AUD 0.7357 USD AUD BID Spot 3-month Forward 0.7346 USD/AUD 0.7349 USD AUD 0.7353 USD AUD mon Are the forward rates suggesting an appreciation or depreciation of the USD with respect to the Australian dollar? Need explain

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