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2021/03/04 / Erste Group Research

Dollar firmer during coming months

The euro stayed away from this year’s highs of USD 1.23 during February, hovering between USD 1.20 and USD 1.22. We expect the dollar to strengthen over the coming months.

In the wake of the global rise in yields, the yen restarted its downward trend against the euro. The reason for this is, among other things, increased economic optimism.

By breaking above the 1.085 mark, the EURCHF exchange rate was able to sustainably break out of its previous sideways trend. This was triggered primarily by rising yields at the global level, which among other things reflects the increased optimism regarding the economy.

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General information

AuthorErste Group Research
Date2021/03/04
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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