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2021/09/09 / Erste Group Research

Euro on slight upswing

The EURUSD moved unchanged sideways during the last few weeks. After values of just under 1.17 were reached, there was a countermovement.

After the recent period of strengthening (triggered by the forward shifting of expectations for rate hikes by FOMC meeting participants), the yen has moved back into a downtrend against the euro since mid-August.

As expected, the recent rise in yields on German government bonds has led to a noticeable weakening of the Swiss franc against the euro.

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General information

AuthorErste Group Research
Product nameForex News
Topic in focusFX, Macro/ Fixed income
Economy in focusEurozone, Japan, Switzerland, United States
Currency in focusEuro, Swiss Franc, US Dollar
Sector in focus-


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