Saturday, June 6, 2009

Majors not based on the US dollar



The three exceptions to this rule are the British pound (GBP), the Australian dollar (AUD) and the Euro (EUR). For these pairs, where USD is not the base currency, a rising quote means the US dollar is weakening and buys less of the other currency than before.


In other words, if a currency quote goes higher, the base currency is getting stronger. A lower quote means the base currency is weakening.

No comments:

Post a Comment