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2019/02/28 / Erste Group Research

Forex News | EURUSD: How long will the bandwidth hold?

Over the past few weeks, the EURUSD has been trading at the lower end of the range that has existed since autumn of last year and dropped temporarily below the 1.13 mark. The volatility measured over a month has fallen further, but such levels were historically never sustainable.

Global sentiment has improved somewhat in recent weeks. The resulting increase in risk appetite has already led to a slight weakening of the yen against the euro.

Based on an increasingly friendly market environment, the Swiss franc weakened against the euro during the last weeks up to a trading level of around 1.14. In this environment, we expect the gradual weakening of the Swiss franc against the euro to continue in the coming weeks.

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General information

AuthorErste Group Research
Date2019/02/28
Languageen
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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