Answer
a) The Dutch pension funds would be happy if the dollar appreciated since they would receive more euros per dollar on their international investment.
b) The manufacturing industries would not be happy if the dollar appreciated since their prices (in terms of the local currencies) would be more expensive. This, in turn, would likely cut their sales.
Work Step by Step
c) Australian tourists would not be happy if the U.S. dollar appreciated since the tourists would receive fewer U.S. dollars for each Australian dollar. This would increase the cost of the trip to the United States.
d) American companies purchasing property overseas would be happy with the appreciation of the dollar since the dollar would purchase more of the currency in the country where the property would be purchased.
