Change in expectations for EUR/USD due to banking problems

Eddy Markus
Monday, 27 March 2023
Eddy Markus

So far, the euro seems to be benefiting from the banking problems in the U.S. and Switzerland, but this could suddenly change if concerns about Deutsche Bank increase further. Lending will then come under further downward pressure and bring a recession closer, benefitting safe haven currencies such as the dollar, yen and Swiss franc.

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