Posted by Marion on 16/3/2020, 9:01 pm, in reply to "Re: Panic!"
Matty - Ive cribbed this from a financial site which hopefully helps explain about why a strong euro
Some experts say that rising Euro has to do with the reverse of the carry trades. During happy times, traders often engage in the carry trades, so buying currencies with higher rates (usually EM currencies) and selling those with lower rates (Euro in this case). Now, in times of uncertainty, traders want their money back and they are simply closing those trades, so in consequence, buying back the Euro. Good example of this can be seen on the Euro with Mexican Peso