2018 currency forecasts - BMO

Joshua Gibson FXStreet

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.

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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