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.
NZD/USD is higher for the second consecutive session, trading around 0.6060 during the European session on Friday. New Zealand’s better-than-expected retail sales data pushed NZD/USD higher. The data showed unexpected…
