The U.S. Treasury Department has called for higher taxes and fees on overseas profits of American companies to prevent them from transferring profits outside the United States. Sanders, chairman of the Senate Budget Committee, proposed to levy a 35% corporate tax, which is higher than Biden's 28%. At the same time, Biden is considering imposing a 2 1% tax on the overseas income of American companies. It is expected that the formal plan will be introduced in the next few weeks.

Recently, the downward trend of new cases in COVID-19, USA has stagnated, and the average number of new cases in seven days has risen to 57,695, an increase of 9.5% over the previous week, the largest increase since1October 65438+ 12. Although Biden's administration is speeding up vaccination, experts warn that it is not time to relax. Just as Europe is facing the third wave of epidemic, many people worry that the United States will face the same situation. Up to now, the number of confirmed cases in COVID-19 has exceeded 30 million, and the death toll has exceeded 540,000. It is worth noting that the downward trend of new cases in the United States has stagnated.

The epidemic in Europe is still getting worse. On the evening of 25th local time, the French Health Minister announced that three provinces would be included in the "ban" from 26th. Like the previously "closed" 16 provinces, residents in these places are not allowed to travel across regions except for necessary purposes. The situation of epidemic control in Germany is just as bad. German Chancellor Angela Merkel said that we are in the third wave of COVID-19 epidemic, but at the same time, we are in an epidemic caused by a new strain of virus.

The foreign exchange strategist of Bank of America pointed out that in early March, the US dollar rose to the highest level since the end of last year, which is closely related to the upward trend of US interest rates. Looking forward to the market outlook, the bank predicted that the performance of the US economy in 20021year may greatly exceed that of the euro zone, and the US dollar will show an upward trend this year.

The negative factors highlight that the euro may fall to 1. 16. Some strategists said that with the arrival of the third wave of epidemic in Europe, the vaccination rate is relatively low and the financial stimulus is insufficient, which may lead to the economic recovery in the euro zone lagging behind North America for 2-3 months. In this context, he predicted that the euro against the US dollar would fall to 1. 16 in the coming month.

The economic recovery is strong. The Australian dollar is bullish at 0.79. Westpac said that from a technical point of view, the Australian dollar is at an important juncture, and there is no obvious support between the low of 0.7564 on February 2 and the 200-day moving average near 0.7370-0.7375. However, if the US dollar index stops rising, the Australian dollar should be able to bottom out around 0.76. In the medium term, due to the global synchronous recovery from the epidemic, the upward target of the Australian dollar against the US dollar still points to 0.79 and above.