Can anyone educate my on why the dollar has risen so quickly against the euro this week? I know stocks well but am still learning forex. Thanks.
Itâs because commercial traders, bankers and other forex market owners decided to strengthen the USD
No,. it's just flight to quality. When global risk aversion arise and everyone is unsure where to go, the ol' USD still ranks as the first place to park your money.
USD funding needs by Eurobanks. cannot access USD cp market, so they borrow in Euroland and convert to USD.
LOL; you are so old school. Lot of unwinding in carry trade with fund in Yen; but lot of secured debts are termed in USD; so when people rush back to Yen; they must repay them in USD first.
What do you think US military worth? If only China respects International bankers; what is cost to make Chinese military as a competing force? I rest my case.