Dollar weakness to last a least until mid-2021 – Reuters poll

Omkar Godbole FXStreet Contributor

The US dollar is likely to remain on the offer at least for six months, having declined by 12% against majors this year, a Reuters poll of currency strategists found.

While 51 or 72 analysts called for a continued downtrend until mid-2021 on expectations for coronavirus-vaccine led economic recovery and hopes for additional US fiscal stimulus, the remaining 21 said it would end before.

Key points (Source: Reuters)

EUR/USD has risen over 8% this year, is forecast to give up some of its gains and trade around $1.20 over the next three months.

November global stocks poll showed that most analysts said the current equity bull run would continue for six months or more.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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