During the period from 2008 (when the international credit crisis occurred) and 2014, the U.S. government maintained interest rates at extremely low levels.

During the period from 2008 (when the international credit crisis occurred) and 2014, the U.S. government maintained interest rates at extremely low levels. Assume that interest rate parity existed over that time period. Write a short essay on what the interest rate conditions in the U.S. imply about the forward rate of the Australian dollars over this period.

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