FX Monthly June 2019 >> The euro remains in check

  • 17.06.2019
  • FX Monthly

QCAM Insight

The euro remains in check – Euro bulls are cheered by a possible Fed rate cut, but we don’t think that would solve all the euro’s problems. Growing political uncertainties and an intensi­fying conflict with Italy could add to the euro’s troubles. Our observation of the development of euro.

The macro perspective

Strong start to the year may not last – The Swiss economy got off to a strong start this year but we think it’s unlikely to maintain this brisk pace for long. It managed to enjoy solid growth until recently, defying the global downtrend, but the latest sentiment data signals a distinct weakening. Our conclusion of the turnaround.

FX market talk

Recessions and the dollar – Markets have quickly shifted lately from expecting the Fed to follow its “dot plots,” which still indicate rising interest rates, to pricing in more rate cuts. Low­er bond yields reflect concerns about the next US recession. We think it’s a good moment to look at how the US dollar has performed in the run-up to previous recessions. Our overview.

Download: FX Monthly June 2019


Follow-Up results

This is next in your query
QCAM Monthly June 2021 >> The new theme on the block

The USD declined further in May as vaccination and recovery momentum increased in other economies...» more

QCAM Monthly May 2021 >> Mixed picture with e...

The USD fell back in April as the rise in US interest rates faded. No strong trend has yet emerged a...» more

QCAM Monthly April 2021 >> Ides of March or A...

The USD strengthened in March on the back of improved economic sentiment and rising bond yields. The...» more

QCAM Monthly March 2021>> A “tantrum” for...

News over the last month were on balance growth friendly and lifted risky assets but inflation conce...» more