The dollar fell to record lows against the euro in April. Over the next month the exchange

Question:

The dollar fell to record lows against the euro in April. Over the next month the rose because traders began to expect that the Federal Reserve was not going to cut U.S. interest rates any further.
Explain how expectations that the Federal Reserve will not cut the interest rate can make the dollar appreciate.
Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...