Currency Forward Rate Expectations

Jane is an international trader who imports goods from Europe to the United States. She has an upcoming payment of €1,000,000 due in 6 months. To hedge against fluctuations in the exchange rate between the euro (EUR) and the U.S. dollar (USD), Jane decides to enter into a currency forward contract.

The current spot exchange rate is 1.15 USD/EUR, and the 6-month forward exchange rate is quoted at 1.12 USD/EUR. Consider the implications of this forward rate in relation to the transaction.

What does this forward exchange rate indicate about the relative strength of the euro compared to the U.S. dollar over the next 6 months?