AUD/USD steady as RBA keeps rates unchanged and describes Aussie as overvalued
The Reserve Bank of Australia kept interest rates at 2.5 percent and commented on the strength of the national currency, which has remained stubbornly high despite declining commodity prices. The Reserve Bank of More...
Some forex basics
Spot Rate Spot rate denotes the market price of one currency with respect to another.All currencies’ spot rates against the US dollarare basic spot rates, and the remainder are cross rates. Major currencies include More...
