Nov 29 2021
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Euro to U.S. Dollar (EUR/USD) and Real 5y5y Swap Spread (EUR - USD) - Leading Indicator

The real 5y5y swap spread (EUR – USD) tends to lead EUR/USD by 9 months.

Image: Nordea and Macrobond

Euro to U.S. Dollar (EUR-USD) and Real 5y5y Swap Spread (EUR - USD) - Leading Indicator