The contrast couldn’t be more striking. Though negative indicators on both the economic and public health fronts continue to pile up, the currency market is experiencing limited volatility, with the euro even showing a slight increase against its main rivals last week (up 20% against the US dollar, ...
We examine the recent strong movements observed in the currency market, linked to the coronavirus crisis and the collapse in oil barrel prices.
Panic is a bad advisor in the financial world. Still, the US central bank has let itself be guided by its fears in its surprising decision to cut the interest rates. It looks like there are hard times ahead, particularly for the dollar.
When tension in the financial world increases, the Japanese yen is often considered a safe haven currency. However, this was hardly noticeable in recent weeks. A VAT increase is producing just as severe a blow on the currency as the Corona virus.