Strategists lower Euro forecasts, remain skeptical over Yen interventions – Reuters
- Reuters’ latest poll shows Euro forecasts have been revised slightly lower over the three- and six-month horizons.
- Most FX strategists believe that currency intervention alone will not be enough to support the Japanese Yen sustainably.
- The one-year Euro forecast remains unchanged despite the softer short-term outlook.
Reuters’ latest poll of foreign exchange strategists shows a modest downward revision in Euro (EUR) forecasts while highlighting persistent market skepticism over the effectiveness of Japanese currency intervention.
According to the survey, the EUR/USD pair is expected to trade at 1.15 in three months and 1.16 in six months, down from forecasts of 1.16 and 1.17, respectively, in July's poll. However, the one-year forecast remains unchanged at 1.18, suggesting that respondents still expect the single currency to appreciate gradually over the longer term.
The survey also reveals a strong consensus on Japan. 55 of the 58 FX strategists surveyed believe that future currency interventions by the Japanese authorities alone would not be sufficient to sustainably curb the Japanese Yen's (JPY) weakness.
Euro Price Today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the New Zealand Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.15% | -0.18% | -0.09% | -0.09% | -0.05% | 0.39% | 0.01% | |
| EUR | 0.15% | -0.03% | 0.04% | 0.05% | 0.09% | 0.55% | 0.15% | |
| GBP | 0.18% | 0.03% | 0.06% | 0.08% | 0.11% | 0.57% | 0.18% | |
| JPY | 0.09% | -0.04% | -0.06% | 0.00% | 0.05% | 0.48% | 0.11% | |
| CAD | 0.09% | -0.05% | -0.08% | -0.01% | 0.04% | 0.50% | 0.12% | |
| AUD | 0.05% | -0.09% | -0.11% | -0.05% | -0.04% | 0.45% | 0.06% | |
| NZD | -0.39% | -0.55% | -0.57% | -0.48% | -0.50% | -0.45% | -0.36% | |
| CHF | -0.01% | -0.15% | -0.18% | -0.11% | -0.12% | -0.06% | 0.36% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).
Author
Ghiles Guezout
FXStreet
Ghiles Guezout is a Market Analyst with a strong background in stock market investments, trading, and cryptocurrencies. He combines fundamental and technical analysis skills to identify market opportunities.
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