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2019/07/31 / Erste Group Research

Forex News | Euro weaker versus other major currencies

We believe the environment during the coming months means a strong dollar until the end of the year. The prospect of monetary easing by the ECB has led us to change our forecasts and to expect a longer phase of a strong dollar than before.

The inflation outlook (lower inflation rates expected for Japan) suggests that the yen will continue to remain strong against the euro. The consensus on Bloomberg expects the euro yen cross at 122 in Q4 2019.

As we expect a hard Brexit, the appreciation pressure on the Swiss franc should increase in the course of Q4 2019 from a level of EURCHF 1.08 to the end of Q3 19.

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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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