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 early European session on Monday, USD/CAD broke above the 200-day moving average resistance, and the bulls attacked the five-month-old descending resistance line. In the interim, a pullback in…
