If the international Fisher effect holds,what will be the effect of an increase of a country's nominal interest rates on the country's currency?

Question

Quizplus · Accepted Answer

According to the international Fisher effect, an increase in a country's nominal interest rates will lead to a depreciation of its currency. This is because higher nominal interest rates are often associated with higher expected inflation, which can reduce the currency's value.

If the International Fisher Effect Holds,what Will Be the Effect