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 early Asian trading on Monday, the AUD/USD remained weak and was above the 0.6700 mark. The U.S. dollar’s rebound from its late-December lows pushed AUD/USD lower. Investors are awaiting…
