Take the US dollar for example. I was reading an article which said the dollar reached new highs recently, but there was a negative connotation to the piece. Doesn’t something “rising” generally mean it’s “stronger”? I usually think in terms of assets like stocks
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“Strong” or “weak” when talking about currencies is always in the context of some other currency. That being said, since the US dollar is the _de facto_ reserve currency for the world, the comparison is usually to the US dollar, or the US dollar to everything else (very generally speaking).
As to why a strong dollar can be considered an undesirable thing. If the dollar is strong relative to, say, the euro, that means if you convert dollars to euros, you get more euros than usual. That’s great if you’re American and you want to travel to the Eurozone or buy stuff from the Eurozone, but not so great if you want people to come to America or buy American stuff. Less money spent in or on American means less money going to American companies, and at least in theory to American workers.
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