Currencies Question
What does it mean when people say EUR/USD is catching a bid? Or catching an ask?
Asked by sihowe in
Currencies
2 months ago
Best Answer
198 points
BradOK answered 2 months ago …
I've never heard the phrase "catching an ask". But "catching a bid" means that the company's stock price is rising rapidly, or being "bid" up rapidly. Many times it's used in reference to a takeover attempt from another company (e.g. "Yahoo is catching a bid...from Microsoft").
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