Weekly currency analysis: Weekly forecast of the euro against the dollar, yen, pound and Swiss franc

Weekly currency analysis: Weekly forecast of the euro against the dollar, yen, pound and Swiss franc

Analysis Department of Bankinter offers its forecasts for the next behavior currencies:

Eurodollar (€ / USD) .-  The dollar lost ground in the final stretch of last week, after Mnuchin (Treasury Secretary) claimed that the impact of fiscal stimulus in 2017 will be modest. Volatility will be the dominant trend to Trump’s appearance Tuesday before Congress and its evolution will depend on fiscal policies advance during the intervention. 

Estimated range (week): 1,048 / 1,065. 

Euroyen (€ / JPY). – Like the Bund, the yen acted as a refuge and was strengthened last week. Over the next few days the tone of the market should improve, but that will depend largely Trump. In principle likely we see a move back at the crossing. 

Estimated range (week): 118.0 / 120.5. 

EuroLibra (€ / GBP).  Pound appreciated against the Euro ended despite the setback in the share price following publication of the bad GDP data in the UK (+ 2.0% vs. + 2.2% exp.). This week begins with rumors of a second referendum in Scotland next March. The news about the junction quotation mark with depreciatory pressure for Libra. 

Estimated range (week): 0.857 / 0.840. 

Eurosuizo (€ / CHF) : The improvement in the trade balance and increased economic expectations in Switzerland support the strength of the franc against major divide. This week, the improvement in the leading indicators of activity (PMI¿s) and Swiss GDP (+ 0.4% q / q expected) will support the price of the franc. 

Estimated range (week): 1,066 / 1,062. 

 

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