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USD smashes JPY and EUR


The US Dollar has not rested on its dazzling upward path throughout this process, either because it has acted as a safe-haven currency or because of the interest rate rise. It began with the Japanese Yen price, which reached levels not seen in 20 years, concerning the Japanese authorities. It continued the same general trend against the Euro. In this case, the European currency has been affected by the ECB’s inability to raise interest rates simultaneously with the Fed, and the conflict in Ukraine. The EUR/USD pair has fallen to levels not seen since 2017, near a major support zone around 1.0480-1.0500. There are already those who predict that it will fall to parity with the US Dollar. Still, if the pressure continues and before it reaches that level, the ECB might begin to express concerns about this movement. Also, as this scenario might develop, the threats of ECB intervention in the market might become even more influential on Euro equities.

Source: https://capex.com/en/overview/usd-hits-20-year-peak-versus-japanese-yen
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