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2020/03/26 / Erste Group Research

Forex News | Volatility impacts Forex Markets as well

The EURUSD is currently extremely volatile. For the time being, we expect further gains for the dollar. However, we expect a reversal of this movement and a stronger euro in the foreseeable future. So, all in all, we expect a broad sideways movement ahead.

After a short-term slump, the euro-yen exchange rate will end March largely unchanged. We assume that the euro will only be able to strengthen slightly against the yen once the COVID-19 epidemic in Europe has subsided.

The SNB has stepped up its interventions in the foreign exchange market, as the financial markets are under pressure from the spread of the coronavirus. For the outlook of the EURCHF exchange rate, the crucial question is whether the Eurozone member states will find a common solution to the coronavirus crisis.

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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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