US Dollar still a force to reckon with at least for this year - Reuters Poll
|A majority of currency strategists surveyed by Reuters expect the US Dollar to continue dominating currency markets at least for the rest of the year.
While the Federal Reserve is seen cutting rates over the coming months, the yield on the US Dollar would still remain attractive compared to its G-10 counterparts. As a result, dollar will continue to benefit from carry trades, according to analysts.
Further, it is widely believed that global trade tensions will not be helpful to European growth and will likely force the Eurropean Central Bank to cut rates. The ECB President Draghi put rate cuts back on the table last month.
The Dollar, however, is not expected to maintain the bullish momentum over the long run and the analysts are still clinging on to their view of a weaker greenback in a year.
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.