News

EUR/USD seen at 1.1900 in a year as USD expected to fall – Reuters poll

According to a Reuters poll of strategists, the US dollar is expected to drop across its main competitors over the coming year, in the wake of a slowing US economy, a widening fiscal deficit and a dovish Federal Reserve.

Key Findings:

“The currency is forecast to give back some gains over the coming year. 

The dollar is expected to weaken, with the euro forecast at $1.19 in a year, over a 5 percent rise from $1.13 on Wednesday, according to the poll of over 70 currency strategists taken Feb 28-March 6.

But that outlook for 12 months ahead was a downgrade for the single currency against the dollar compared with last month.

On US-China trade deal:

Any resolution to an ongoing trade dispute between the United States and China is also unlikely to change the fortunes of the dollar.

If the two countries do achieve a trade deal within the next month or so, the dollar is expected to make no significant move, while in a no-deal scenario, the greenback was forecast to rise by 1 percent.”

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.