Currency strength

OmarAminuddin

Miembro desde Sep 16, 2021 posts 1

Sep 16, 2021 at 03:44

Miembro desde Sep 16, 2021 posts 1

Does a currency become stronger during an unemployement rate

78678676

Miembro desde Oct 16, 2020 posts 125

Sep 16, 2021 at 11:09

Miembro desde Oct 16, 2020 posts 125

Can you please elaborate on your question? Do you want to know the relationship between the currency strength and the unemployment rate?

Kasidall

Miembro desde Jun 11, 2020 posts 10

Sep 30, 2021 at 18:49

Miembro desde Jun 11, 2020 posts 10

Hmmm... That is a weird question. What do you mean 'during unemployment rate'? If unemployment rate is high, then the currency will be weaker. However, currencies are influenced by many other factors too, so if you want to make a full fundamental analysis, unemployment rate will be just one of the factors that you should bear in mind.

Staran

Miembro desde Aug 30, 2020 posts 15

Sep 30, 2021 at 19:07

Miembro desde Aug 30, 2020 posts 15

If you look at the situation without additional inputs, an increase in unemployment leads to a fall in the value of the currency - that's the standard way of looking at things.

Wittonlord

Miembro desde Sep 14, 2020 posts 12

Sep 30, 2021 at 19:18

Miembro desde Sep 14, 2020 posts 12

This is one of the key pieces of news.
And in any country.
So the specifics of this I would definitely recommend learning as much as possible.

AliaDare

Miembro desde Jul 19, 2020 posts 742

Oct 04, 2021 at 01:20

Miembro desde Jul 19, 2020 posts 742

The current situation in the market seems to change a bit. But nothing unexpected will happen.

Daginn

Miembro desde May 11, 2021 posts 5

Oct 05, 2021 at 19:17

Miembro desde May 11, 2021 posts 5

I agree. While it is true that concomitant events can turn the market in the exact opposite direction to logic, it is important to look at the situation individually each month.

EURUSD	1.13307	GBPUSD	1.33488	AUDUSD	0.64603
USDJPY	143.517	USDCAD	1.38181	USDCHF	0.82254

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