Why is it when the dollar goes down the euro goes up?

Why is it when the dollar goes down the euro goes up? And what are all of those treasury auctions that happen weekly in the stock market like the one that was done today for 12billion. Please explain the mechanics step by step. Thanks.

Hi it is not necessarily true.

While a currency can go up and down versus another currency, it does not have to be only the euro.

For example the dollar may go down vs the AUD due to some event while remains relatively stable vs the EURO.

I don’t think the treasury auctions belong to the stock market. Rather they belong to the bond markets.

Basically investors buying those bonds are loaning money to the treasury for a fixed amt of interest rate at a specific tenure.

Online Auctions – Coming Trend

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