Currency vs. Rates Yo!
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.
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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