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..
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.
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.
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.