Why USD news affecting other currency?

AliKhan

Private
Messages
54
I found out that even if the currency pair is not related to USD, EUR AUD for example, it is still somehow being affected by USD news. My position was suddenly reached stop loss in a few minutes. Why is that?
USD is the king man.... At least for the time being..
 

EuroTrader

Sergeant Major
Messages
1,041
Yes the fact is that mots of the traders are preferring doing their trading in the US Dollar and this is also a reason why it is very strong currency in the markets.
I prefer to do my trading in the USD currency pairs and they are giving me a good income if i can do my trading analysis correctly :)
 

nahiyar

Private, 1st Class
Messages
788
USD is main currency all over the world. My main trading is based on this pair I think others pairs also affected by its price or movement. I find market analysis on daily basis from broker about this currency pair so feel easy to trade in it
 

bigdolly

Sergeant Major
Messages
961
Because USD is main reserve currency - powerful and influential, most investments in equity markets is made in dollars and if its borrowing costs are changing it affects everything else connected with financial assets.
 

EuroTrader

Sergeant Major
Messages
1,041
Because USD is main reserve currency - powerful and influential, most investments in equity markets is made in dollars and if its borrowing costs are changing it affects everything else connected with financial assets.
Yes it is a fact that many of the traders are trading in the currency pairs that are related to the USD pair and this also means that when we are doing our trades it will give us income if the trading analysis is done correctly :)
 

nahiyar

Private, 1st Class
Messages
788
USD is main currency and dealings all over the world are related to this currency. News about this currency really effect other currency pairs. Any issue with this currency will certainly does up or down to the rates of forex market.
 

EuroTrader

Sergeant Major
Messages
1,041
USD is main currency and dealings all over the world are related to this currency. News about this currency really effect other currency pairs. Any issue with this currency will certainly does up or down to the rates of forex market.
At the time of the crisis the USD Dollar takes up the role of the worlds reserve currency as all the precious assets are denominated in the US Dollar :)
 

BaibarsB

FiboGroup Multi
Messages
55
more traders trade USD - more power it has. It's interesting to look deep into the history and to find out when was that moment when USD became the main currency. And what about gold? as I understand It's also the powerfull unit. more gold the country has - more strong it is..
 
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