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.
EUR/USD broke its winning streak that began on Wednesday and came under pressure near 1.0530 during the Asian session on Monday. Risk aversion due to the Israeli-Palestinian military conflict has…
