Calculating Forward Rate for Currency Forwards

The company XYZ Ltd. is a US-based importer that has agreed to purchase goods worth €1,000,000 from a German supplier in six months. The current spot exchange rate is 1.10 USD/EUR. To hedge against the risk of currency fluctuations, XYZ Ltd. decides to enter into a forward contract to lock in the exchange rate for this transaction.

Assuming that the risk-free interest rate in the US is 1.5% and in Germany it is 0.5%, what is the forward rate for this currency pair?