Why did the EUR/USD increase last week? The euro strengthened substantially last week against the safe-haven currencies, essentially the US dollar and the Japanese yen. This appreciation followed several weeks of decline, and has not totally wiped out the losses that have been piling up since the ye...
At present, the coronavirus demands all our attention, but the roller coaster behaviour exhibited by oil prices is at least as alarming to investors. For the time being, consumers can rejoice at the lower price of petrol, but if this continues, the financial world will be in for another shock.
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.
The designation litmus test in the current technical analysis of the currency pair EUR/USD hints at the ultimate test to discern the reliability of something. This applies for both the trust in the euro and confidence in the US dollar.