Stronger Dollar

Discussion in 'Forex' started by BuySellSideTrader2020, Apr 27, 2020.

  1. BuySellSideTrader2020

    BuySellSideTrader2020 Guest

    I want to check my logic on exchange rates, example: EUR/USD means 1 EUR = 1.08 USD (current rate), a stronger dollar would mean 1 EUR = 1.15 USD
    so, prior EUR/USD 1.08 with present EUR/USD 1.15
    on the flip side
    USD/EUR 0.92 prior, then stronger dollar means that the rate would decline to lets say 0.87

    Is my logic correct?
     
    #1     Apr 27, 2020
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  2. SanMiguel

    SanMiguel

    Think of it like this
    Eur/usd stronger dollar means more people buying dollars means the chart goes down. If it was 1.15 then a stronger dollar would have it moving to 1.08

    Usd/eur: market buying more dollars, chart up, 0.8 to 0.9
     
    #2     Apr 27, 2020
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  3. Scataphagos

    Scataphagos

    No. You have it backwards.
     
    #3     Apr 27, 2020
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  4. BuySellSideTrader2020

    BuySellSideTrader2020 Guest

    EDIT:
    So I take it this is the corrected version
     
    #4     Apr 27, 2020
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  5. Sekiyo

    Sekiyo

    If XYZ < USD
    then XYZ/USD -> 0
    then USD/XYZ -> +00
     
    #5     Apr 27, 2020
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