EURUSD is about more than just interest rates – Interest rates are seen as a main driver for the development of a currency. QCAM has developed a model that combines fundamentals and market factors and helps shed some light on what is driving the exchange rate.
The macro perspective
The battle for Europe has been postponed – Regardless of the long-term outlook of the European Union, we think the future of the EU is unlikely to be settled in 2017. This year had been hyped as a decisive watershed, most probably it will bring less tensions than expected.
FX market talk
Hoping a monetary policy change can go unnoticed – Those imaginary printing presses at the Swiss National Bank have been working overtime. To stop the franc from rising, the SNB has been more active lately than any time since the lifting of the Euro peg in January 2015. This is unsustainable.