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2019/06/05 / Erste Group Research

Forex News | US dollar, Japanese yen, Swiss franc

Given the political developments in the UK in recent weeks, we no longer expect a negotiated withdrawal from the EU. With the expectation of hard Brexit as of October 31, our outlook for the EURUSD changes, at least for the coming months.

The escalation in the global trade conflict has led to a further strengthening of the yen against the euro. At its meeting at the end of April, the Japanese central bank announced further easing measures should the momentum of inflation ease.

Persistently weak leading indicators and the intensification of the trade dispute between the US and China have recently favored a strengthening of the Swiss franc against the euro. In addition, we now expect hard Brexit at the end of October due to recent political developments in the United Kingdom.

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General information

AuthorErste Group Research
Date2019/06/05
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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