Euro Rally Pauses as Brexit Lingers – Outlook Remains Bullish for EUR/USD, EUR/JPY Rates

The ambiguity around Brexit may be giving traders a reason to pause in their enthusiasm in the recent Euro breakout. True, EUR/GBP rates have started the week higher. But it’s notable that the Swiss Franc is the top performing major currency on the day – even EUR/CHF rates are lower. The reach for safe havens in the currency world is a Europe-centric event. Look no further than Brexit. While a ‘no deal, hard Brexit’ hurts the UK more than the EU, the knock-on effects of a fractured trade deal may spill into international relations (e.g. security and military alliances) and perhaps coronavirus vaccine … (full story)

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