The eurodollar rate has risen very strongly in recent days to the highest level since early November. It is mainly the weakness of the US dollar that is driving the rate up. Expressed in US dollars, the European currency rose in the past few days to above $1.08. Compared to the end of February, this is an increase of almost 4%, which is particularly strong in currency terms. The rate is also moving against the interest tide, given that the FED maintains a higher rate than the ECB. The upturn is due to the sudden weakness in the US economy. Instead of expected growth, economists see economic contraction. The trade wars that President Donald Trump is waging with Mexico, Canada, China, and Europe are also leading to a weaker dollar. Analysts assume that the depressing factors are already priced into the rate and therefore do not expect any further increase. For European exporters of (agricultural) goods, the strong rise of the euro on paper is not a favorable development.