This via Deutsche Bank Research, their latest is titled: Trade War Tensions
Just a few snippets from the report on forex:
Dollar pressured longer term
- Near-term risks are balanced, but our strategic view is still for further dollar weakness over the next year given the deteriorating flow outlook
Neutral for now
- We expect growth momentum to rebound, but the ECB has removed the option of moving forward rate hikes
(DB further note the guidance from the ECB is dovish)
Upside for yen
- Bullish yen as external financial position improves, currency remains undervalued
Forecasts: Q4 2018 and Q4 2019
EUR/USD: 1.20 1.30
USD/JPY: 102 95
S&P500: 3000
WTI: 60 USD/bbl 59
