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.
During the Asian session on Wednesday, the NZD/USD exchange rate traded in negative territory for two consecutive days. A stronger U.S. dollar and risk aversion supported the pair’s gains. The…
