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.
The Australian dollar (AUD) is set to extend its week-long decline on Monday despite higher U.S. bond yields, while the U.S. dollar continues to weaken. However, AUD/USD came under pressure…
