wisepowder: EUR/JPY as Eurozone Economy Suffers from Impact of Brexit

EUR/JPY as Eurozone Economy Suffers from Impact of Brexit

Dec 18 2020 at 05:06

EUR/JPY as Eurozone Economy Suffers from Impact of Brexit


Looking back at the forecasts made a year ago by the DailyFX analysts, I was struck by the fact that four of us were bearish the Euro: two against the Japanese Yen and one against the Canadian Dollar while I predicted a fall against the Swiss Franc.To get more news about WikiFX, you can visit wikifx official website.
  We were all right: EUR/JPY and EUR/CHF both dropped between late December 2018 and early September 2019 before rallying later in the year; EUR/CAD fell between December and early October before recovering. For me, the major surprise in 2019 was that the Euro did not fall further, as I had expected the Eurozone economy to be hit by Brexit which, of course, did not happen.
Luis Arce, presidential candidate for the Movement for Socialism (MAS) party, center, and his supporters celebrate during a news conference at the party's headquarters in La Paz, Bolivia, on Sunday, Oct. 18, 2020.
  Bolivias official vote count confirms that socialist candidate Luis Arce won the presidency in a first-round landslide.
  With results from 89% of voting stations tallied from the Oct. 18 election, Arce had 54.5%, compared to 29.3% for former President Carlos Mesa, his closest rival. Mesa conceded Monday.



Share

Add comment

Guests are not allowed to Add blog comments. Please sign in.