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2019/01/22 / Erste Group Research

Forex News | Volatility of US-Dollar could rise

The EURUSD has remained within a relatively narrow range over the past few weeks. The environment, on the other hand, has been volatile, although the situation has calmed down recently. So far, the EURUSD has not reacted strongly to the eventful development of the Brexit negotiations. However, with the closing date approaching and the ongoing uncertain outcome of the negotiations, the volatility of the EURUSD could also rise.

Triggered by the further deterioration of global sentiment, the yen abruptly strengthened against the euro to the level of around 123 at the beginning of the year. As long as there is no substantial easing of the geopolitical environment, the yen’s pressure to hold its ground against the euro could continue.

Since the beginning of the year, the CHF has weakened slightly against the euro. At present, however, no easing is in sight on the most important global geopolitical issues (global trade conflict, Brexit). Even though the fundamentals continue to favor depreciation of the Swiss franc, it will probably still take some time before they manage to assert themselves in the markets.

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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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