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 continues to move higher on strong US producer price index. U.S. inflation fell at an annual rate in September. Falling crude oil prices weighed on the Canadian dollar. USD/CAD…
