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.
In early European trading on Monday, although there was a lack of downside momentum around 1.3595-90, USD/CAD retreated from a three-month high driven by a pullback in the US dollar,…
