If a Mexican pension fund decides to purchase U.S.government bonds,what is the effect in the foreign exchange market?

Name: If a Mexican pension fund decides to purchase U.S.government bonds,what is the effect in the foreign exchange market?
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Since the Mexican pension fund is purchasing U.S. government bonds, it requires U.S. dollars to make the purchase. Thus, there will be an increase in demand for U.S. dollars, leading to an increase in its value in the foreign exchange market.

If a Mexican Pension Fund Decides to Purchase U