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) continued its fourth straight session of losses on Monday. The AUD/USD pair is facing challenges as rising US Treasury yields lead to a rebound in the…
