We revised down the EUR/USD

Genevieve Signoret

Currencies

In light of emerging foreign exchange trends, we have revised our outlook as follows:

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  • Yen has been oddly stable against the dollar, perhaps owing to generalized market caution (risk aversion generally favors the yen). We expect the yen to weaken to US$1.00=¥130 this quarter.
  • The Swiss franc is up 3.86% against the dollar since three months ago.

Yen has been oddly stable, perhaps owing to generalized market caution
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US$1.00=MXN14.93 was sweet while it lasted
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We remain pessimistic for the euro through December 2016
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We expect the yen to weaken to US$1.00=¥130 this quarter
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CHF rose 3.86% against the USD in three months
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Also recovered from 3m ago against the dollar are RUB, INR, CHY, THB
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