Look for:

Our offer for

Research Detail

2020/07/07 / Erste Group Research

Forex News | Slow weakening of USD ahead

After a rapid rise at the end of May, which caused the euro to climb to just under 1.14 dollars for a short time, the exchange rate has been hovering between 1.12 and 1.13. In the medium term, we expect the euro to strengthen, as the dollar still seems to be highly valued on the basis of the interest rate differential.

Despite the spread of COVID-19, a gradual recovery of the global economy began in May, as quarantine measures were eased. In this environment, we expect the gradual weakening of the yen against the euro, which began in early May, to continue.

Since new infections with COVID-19 within the Eurozone are under control we expect economic data for the Eurozone to continue to brighten up. In this environment, we would expect the ECB to maintain an unchanged monetary policy and thus the franc should gradually weaken against the euro.

PDF Download Download PDF (201kB)

General information

AuthorErste Group Research
Date2020/07/07
Languageen
Product nameForex News
Topic in focusFX, Macro/ Fixed income
Economy in focusJapan, Switzerland, United States
Currency in focusSwiss Franc, US Dollar
Sector in focus-
Download



Accept

We use cookies and web analysis software to give you the best possible experience on our website. By continuing to browse this website, you consent for these tools to be used. For more details and how to opt out of these, please read our Data protection policy.

INFORMATION FOR PRIVATE CLIENTS / CONSUMERS

Any information, material and services regarding financial instruments and securities provided by Česká spořitelna/Erste Group/ or any of its affiliates (collectively “Erste Group“) on this and any linked website hereafter (jointly the “Websites“) shall be exclusively to investors who are not subject to any legal sale or purchase restrictions.

By agreeing to this hereto, the visitor entering this Websites confirms that has read, understood and accepted this Information and the Disclaimer