Burundi Francs

The euro sees red at the Friday close while the Swiss franc beats out most of the major in a subdued week of trading, likely driven by the steady stream of Brexit negotiation developments.

EUR & CHF were net losers, likely driven by rising expectations of more stimulus coming from the ECB (as hinted by ECB members all week) & net negative economic updates, most notably, falling producer & consumer prices. 

The euro is in for a busy week as ECB’s Lagarde takes center stage and Brexit talks heat up. I’ve got a list of potential market movers that might affect the euro in the next few days.

Both EUR & CHF were net winners this week as global risk aversion pushed traders into lower-yielding / safe haven assets on Coronavirus fears.