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A STRONG DOLLAR AGAINST THE EURO AND THE YEN

, A STRONG DOLLAR AGAINST THE EURO AND THE YEN, Kompara

The EUR/USD has evolved in a context of volatility, marked by the progression of the pandemic caused by COVID-19. The trend is up until March 9 with a peak at 1.14. Then, bearish until reaching 1.06 on March 19.

On March 15, 2020, the U.S. Federal Reserve announced measures to support the economy against Coronavirus, including lowering the Fed Funds interest rate. This has increased demand for the U.S. dollar and pushed it up against the Euro.

The latest trend in the JPY/USD was marked by a low point in the Dollar against the Yen, at 102 on 9 March. Since then, the dollar has rallied strongly against the Yen, supported by the Fed's stimulus measures and rising demand from the greenback. 

In this context, it is more interesting to transfer money from the United States to the Eurozone and/or Japan rather than the other way around.

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