Buying euros rose against the dollar, while buying pounds fell against the dollar. Is this a hedge? What is the connection between these two groups of currencies? Can you explain it?
Similarities: There is a certain negative correlation between the euro and the pound and the dollar. Difference: the fluctuation of the euro is relatively stable, and the daily fluctuation is generally 50- 150. The daily fluctuation is generally 80-200 points, which does not play a hedging role. Sometimes, the trend of the euro and the pound is the opposite.