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2019/03/28 / Erste Group Research

Forex News | Tough struggle for Brexit strengthens franc

The latest statements by representatives of the US Federal Reserve mean that we no longer forecast the next interest rate hike for June. Accordingly, we have changed ourforecast for the EURUSD and we now expect a trend reversal already in the second quarter.

The yen has recently benefited strongly from the increasing Brexit chaos. We do not expect the situation to ease until the Brexit issue has been satisfactorily resolved and a hard Brexit can be avoided.

Due to the worsening situation around Brexit and disappointing sentiment indicators for the Eurozone, the franc has recently strengthened significantly against the euro to a level of 1.12.

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General information

AuthorErste Group Research
Date2019/03/28
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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