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.
AUD/USD fell slightly in early Asian trading on Wednesday. However, downside for AUD/USD remains limited as dovish comments from the Fed are likely to keep the US dollar (USD) under…
