For each ofthe following events, draw exchange rate diagrams and show how a shifting curency demand or supply cuve causes an appreciation ‘or depreciation ofthe currency: a Anincrease in interest rates in the United States relative tothe rest ofthe world; show the impact on the US dollar and on the British pound. Currency speculators believe that the Brazilian real will appreciate; show the impact on the Brazilian real. Japan is in recession, and incomes are falling; show the impact on the Japanese yen. China experiences an increase in tourism; show the impact on the Chinese yuan. Fashion favours Indian textiles; show the impact on the Indian rupee o Philippines has reduced remittances from Canada; show the impact on the Philippine peso and the Canadian dollar. & Anincrease in the ate of inflaton in Thailand relative to its trading partners; show the impact on the baht (Thailand's currency) and on the ringgit (Malaysia's currency; Malaysia is a trading partner of Thailand). Foreign direct investment from Mauritius into India increases; show the effect on the Mauritian rupee and the Indian rupee. The central bank of Botswana does not want to allow the pula to depreciate; shov the impact on the pula. Some of the items appearing in Table 16.1 give rise to changes in both demand and supply of the same currency. Identify what these are and explain why both currency demand and supelv are aacted