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.
Entering Wednesday’s European session, USD/CHF hovered around 0.8800, as the rebound from the 100 SMA the day before yesterday faded. The pair’s moves reflected market caution ahead of flash U.S.…
