What is the relationship b/w currency vs rates?
I saw a table today that said this (NO TYPO):
If the US reports 200k or more jobs created next week-buy the GBP/USD
if 160k or Fewer, Sell GBP/USD.
So if the economy will do well...the dollar should do poorly? and vice versa? I do not understand this.
Also, if yields go up/down how does that affect the dollar...I see contradicting views when I google this in sort of an "it depends" answer.
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If GBPUSD goes lower USD is strengthening... which I'd expect to happen in GBPUSD if numbers are strong.
This isn't always the case, take AUDUSD, which as a risk currency will often rally (USD weaken) even if US numbers are good.
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