What happened to the dollar?

R

reno4nook

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.
 
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.
 
Quote from Ivanovich:

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.
More...

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.
 
Quote from Ivanovich:

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.
More...
A piece of paper backed by nothing and controlled by international bankers?
 
Quote from Ivanovich:

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.
More...

This is what they want you to think.
 
Quote from dalaialama:

A piece of paper backed by nothing and controlled by international bankers?
More...

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.
 
Quote from number22:

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.
More...
Yeah you rest your case in that chair you're sitting on
 
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