Congo Congolese Francs

Traders were moving away from low-yielders/safe havens as the pandemic recovery trade continued, the likely main driver for net losses in both the euro & Swiss franc.

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.