How many currencies are we comparing when considering exchange rates strengths of currency and other currency issues?
Exchange rate relationship between two currencies, where one currency is expressed in terms of the other. For example, USD-EUR (US dollar against Euro) is a currency pair. Strength of currency: dollar is like Gold Standard. Most global contracts, esp for oil, are denominated in dollars. Many large economies, such as China, Hong Kong, peg their currency to the dollar.
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