Conflict- Mundell Fleming and Uncovered Interest rate parity

CFA Level II
#1

Can someone please explain how it is possible that these two concepts are conflicting?

Mundell Fleming says: expansionary monetary policy ~ decrease in interest rates ~ depreciates currency.

Uncovered interest rate parity says: a currency with low interest rates should appreciate relative to a currency with a higher interest rate.

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#2

You won’t find any related questions on the exam. Within econ even the different theories conflict with themselves

#3

On average interest rate parity doesn’t hold (that’s why one executes a carry trade) So that’s why there are sometimes conflicts in theories.