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 extended gains for the fourth consecutive day, with the Asian market rising to around 1.0760 on Wednesday. The pair found upside support after the European Central Bank (ECB) had…
