2018 currency forecasts - BMO
|BMO Capital Markets gave their latest 2018 forecasts for the major currency pairs EUR/USD, USD/JPY, and USD/CAD.
BMO analysts expect the EUR/USD, which is currently in the 1.16 neighborhood, to reach 1.18 in Q3, and 1.21 for Q4, while the USD/JPY, currently near 110.00, is seen at 109.00 for Q3 and 108.00 for Q4. The USD/CAD, at 1.31 in Q2, is expected to reach 1.30 in Q3 and 1.28 Q4.
BMO analysts are broadly short the US Dollar in their long-term outlooks, and are expecting an overall bearish trend to take hold of the USD for the remainder of 2018.
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