You observe the following exchange rates for the Chinese juan (CNY). Swiss franc (CHF), and US dollar (USD) 1 CNY=$0.16 1 CHF = $1.10 1 CHF = 6.75 CNY After undertaking triangular arbitrage, the value of the Chinese yuan should relative to the US dollar. depreciate; depreciate appreciate; depreciate appreciate; appreciate Odepreciate; appreciate relative to the US dollar and the value of the Swiss franc should

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