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.
The U.S. dollar index appears to be holding steady below 102, but may rise to 102-102.50 in the short term, while the euro may fall to 1.0950-1.09. EUR/JPY and USD/JPY…