If the euro areas inflation is about 3 percent per year and US inflation is about 2

Question:

If the euro area’s inflation is about 3 percent per year and US inflation is about 2 percent per year, what would you expect to happen to the euro/dollar exchange rate in the next few months? Why?

Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...