Exchange rate refers to the value of one currency in relation to another. It is the price at which one currency can be exchanged for another. Exchange rates are determined by a variety of factors, including supply and demand for each currency, economic and political conditions in each country, interest rates, inflation rates, and other factors.
In early Asian trading on Monday, the AUD/USD currency pair still encountered resistance below the 0.6600 mark. A stronger US dollar and rising US Treasury yields are weighing on AUD/USD.…
