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.
USD/CAD pares recent losses as the U.S. dollar (USD) attempts to move higher for a second consecutive day. In Asia on Monday, USD/CAD rose to around 1.3600. However, stronger crude…
