Research Detail
| 2020/11/25 / Erste Group Research |
Euro to strengthen earlier The EURUSD is trading at the upper end of the trading range seen in recent months. The somewhat earlier improvement in the environment suggests that the euro could appreciate against the dollar earlier than we originally expected. We expect the yen to continue its longer-term downtrend against the euro in the coming months. In the event of setbacks in the fight against the pandemic, the yen could temporarily strengthen against the euro. Recent events suggest a dynamic recovery of the global economy in the coming year;an environment in which safe-haven assets such as the Swiss franc usually come under selling pressure. We therefore expect a gradual depreciation of the Swiss franc against the euro in the coming months. |
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General information
| Author | Erste Group Research |
| Date | 2020/11/25 |
| Language |  |
| Product name | Forex News |
| Topic in focus | FX, Macro/ Fixed income |
| Economy in focus | Eurozone, Japan, Switzerland, United States |
| Currency in focus | Euro, Swiss Franc, US Dollar |
| Sector in focus | - |
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