G10 currencies to take cues from US-China trade war, Fed song - Reuters poll
|- Strategists expect the US-China trade war to dominate the proceeding in the FX markets in coming months.
- Federal Reserve's actions will influence markets for the rest of the year.
Group of 10 currencies will be driven by the US-China trade war and actions by the US Federal Reserve (Fed) in coming months, while economic data from other countries are expected to take a backseat, according to latest Reuters poll of 80 foreign exchange strategists conducted between Aug. 29-Sept. 4.
Key quotes (Source: Reuters)
- A majority of economists polled said the major currencies will have gained ground against the US Dollar a year from now.
- Nearly two-thirds of 48 analysts said the risks to their dollar outlook was skewed more to the upside.
- 28 of 50 analysts said G10 currency moves would mostly be driven by the US-China trade war. Over a third expected the Fed action to dominate markets for the rest of the year.
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