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2019/09/25 / Erste Group Research

Forex News | Environment continues to support the dollar

The coming weeks will decide how Brexit will proceed. There are probably now only two alternatives remaining: another postponement of the withdrawal date or withdrawal without an agreement. We expect the second. Once this outcome becomes obvious, the dollar could well gain further.

In September, the yen weakened slightly against the euro, to the level of 120. At its meeting in September, the Japanese central bank confirmed its willingness to carry out further monetary easing if a further slowdown in the global economy were to jeopardize the price stability target.

The euro-franc exchange rate traded with high volatility in September and recently levelled off at 1.084, largely unchanged. Although the ECB announced substantial easing of monetary policy on September 12, the SNB did not adjust its monetary policy course at its meeting on September 19.

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General information

AuthorErste Group Research
Date2019/09/25
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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