Swiss Economicblogs.org
The USD has recovered against the euro of late, but the greenback could soon run out of steam.The US dollar has appreciated against the euro since 8 September and is getting close to our short-term forecast of USD1.15 per EUR. This recovery has been mainly driven by supportive US data, monetary policy divergence and hopes of tax reform.In the short term, robust US economic activity, a Fed that is still in rate-hiking mode and the still broadly negative sentiment surrounding the US dollar (as...
Read More »Limited scope for further drop in euro against the dollar
