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 remains under pressure below 1.1000 in Asia on Tuesday Eurozone July Sentix Investor Confidence Index improves to -18.9 from -22.5 Dollar attracts some follow-through buying after hawkish Fed policymakers…
