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2021/06/22 / Erste Group Research

Devisen News: US-Dollar vorerst fester, mittelfristig seitwärts

EURUSD reagierte deutlich auf das Ergebnis der jüngsten Sitzung des FOMC, des über die Geldpolitik entscheidenden Gremiums der US-Notenbank. Die geldpolitische Ausrichtung wurde im Wesentlichen unverändert gelassen. Bei den Prognosen der Sitzungsteilnehmer, die quartalsweise abgefragt werden, gab es aber Änderungen.

Nachdem die Sitzungsteilnehmer des FOMC am 16. Juni die Erwartungen für Zinserhöhungen in den USA nach vorne verschoben haben, kam es zu erhöhter Volatilität an den Finanzmärkten. Dieses Umfeld löste eine Befestigung des Yen zum Euro aus.

Der Franken hat sich im Juni bis auf ein Niveau von 1,09 zum Euro befestigt. Ein starker Inflationsanstieg in der Eurozone und vor allem in den USA stärkte den Franken. Wir gehen davon aus, dass der Inflationsanstieg in beiden Währungsräumen temporär sein sollte. In diesem Umfeld erwarten wir, dass sich der Franken zum Euro wieder abschwächen wird.

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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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