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) continues to fall despite the Reserve Bank of Australia raising interest rates by 25 basis points on Tuesday. AUD/USD remained lower as U.S. bond yields strengthened,…
