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Strength or weakness?

  • #1
  • First Post: Oct 6, 2006 1:52pm Oct 6, 2006 1:52pm
When the eurusd rises, does that mean the dollar is stengthening or weakening?
  • #2
  • Oct 6, 2006 1:55pm Oct 6, 2006 1:55pm
Quoting mac-e
When the eurusd rises, does that mean the dollar is stengthening or weakening?
Euro rises against the dollar...that means the dollar is weakening.
  • #3
  • Oct 6, 2006 1:57pm Oct 6, 2006 1:57pm
Strength or weakness normally refers to the First Currency of the Pair.
ie. Strength in EURUSD would mean Euro Strength but not neccessarily imply USD Weakness. While the Euro Gains against the USD it is possible that the USD may also be gaining against the JPY or CHF or, on the odd occasion, even the GBP.

Quoting mac-e
When the eurusd rises, does that mean the dollar is stengthening or weakening?
  • #4
  • Oct 6, 2006 2:06pm Oct 6, 2006 2:06pm
Quoting Bemac
Strength or weakness normally refers to the First Currency of the Pair.
ie. Strength in EURUSD would mean Euro Strength but not neccessarily imply USD Weakness. While the Euro Gains against the USD it is possible that the USD may also be gaining against the JPY or CHF or, on the odd occasion, even the GBP.
i actually never see it that way..interesting
  • #5
  • Last Post: Oct 6, 2006 2:19pm Oct 6, 2006 2:19pm
okay, thanks. And so today after NFP eurusd took a nose dive. That means the dollar was strengthening? But why if NFP was not such a great number?

Quoting mrmikal
Euro rises against the dollar...that means the dollar is weakening.
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