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SoshiLuver OP t1_j5kau9e wrote

Reply to comment by Gnonthgol in Eli5: How do we measure whether the US dollar is rising or falling? by SoshiLuver

Thank you for your answer! What about other currencies? Is my assumption correct? When we say that X currency is rising/falling it is always relative to the USD? (In any parts of the world, since I do not live in the US)

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tiredstars t1_j5kqj7k wrote

In the UK media the pound is usually described against both the dollar and the euro, as those are the two biggest currencies for UK trade, and it's not uncommon for them to go in different directions.

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Gnonthgol t1_j5kbg9o wrote

Some currencies have their own index that they compare themselves against. This is usually based on the amount of trade with the other countries. But for the most part is is fine to use the dixie and dollar for the other currancies.

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