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2020/02/14 / Erste Group Research

Week Ahead | Why is the euro currently so weak?

Since the beginning of the year, the euro has come under strong pressure against the US dollar, the Swiss franc and the yen. In our opinion weak economic data and political turbulances mainly contributed to this.

Assuming that the political situation does not deteriorate further (no early elections in Germany or Italy), the euro should recover in small steps against the Swiss franc and the US dollar from its current lows in the coming months. However, this is also conditional on an emerging recovery of the Eurozone economy.

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General information

AuthorErste Group Research
Product nameWeek ahead
Topic in focusMacro/ Fixed income
Economy in focusEurozone, United States
Currency in focusEuro, US Dollar
Sector in focus-


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