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2019/08/29 / Erste Group Research

Forex News | Hard Brexit speaks in dollar’s favor

In our view, the markets are not yet fully prepared for a hard Brexit. This means that, with further steps in this direction, which we expect, the euro should come under further pressure vs. the dollar.

In order for the yen to weaken against the euro, the outlook for the global economy has to brighten. After the recent escalation of the trade war, however, this seems rather unlikely in the short term.

Given the political developments in the United Kingdom, we expect a hard Brexit at the end of October. This should further increase firming pressure on the Swiss franc, especially at the end of October.

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General information

AuthorErste Group Research
Date2019/08/29
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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