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2020/11/25 / Erste Group Research

Euro wird früher steigen

Die etwas frühere Verbesserung des Umfelds spricht für uns dafür, dass der Euro früher gegenüber dem Dollar zulegen könnte als ursprünglich von uns erwartet. Wir erwarten jetzt eine spürbare Bewegung bereits bis zum Ende des ersten Quartals 2021.

Wir gehen daher davon aus, dass der Yen in den kommenden Monaten seinen längerfristigen Abwärtstrend zum Euro fortsetzen sollte. Im Fall von Rückschlägen bei der Bekämpfung der Pandemie könnte der Yen vorübergehend zum Euro befestigen.

Die jüngsten Meldungen lassen eine dynamische Erholung der globalen Konjunktur im kommenden Jahr erwarten; ein Umfeld in dem Sichere-Hafen Anlagen wie der Schweizer Franken üblicherweise unter Verkaufsdruck kommen. Wir erwarten daher eine graduelle Abwertung des Frankens zum Euro in den kommenden Monaten.

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General information

AuthorErste Group Research
Product nameDevisen 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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