The EUR/USD bears are supported by neither the rise nor the fall of the US stock indexes
There is only one step from the sublime to the ridiculous. In late February, the US dollar was the king, but in early March, the US currency is rolling down. As I noted earlier, the greenback is supported by neither the rise nor the drop of the US stock indexes. In the case of the US stocks’ growth, investors bet on the Fed’s aggressive monetary expansion, in the case of the fall, the capital outflows from the US. There is an increase in the number of infected people in the USA and the schools are shut in Seattle, therefore, the S&P 500 is rolling down and the EUR/USD bulls are driving the pair up to the middle of figure 12.
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