This from the latest Reuters poll on, in effect, EUR/USD
Headline results
- Lowest the euro is likely to fall to is $1.14 over the next 3 months, according to median view from FX strategists
- Euro to gain about 6 percent vs dollar to $1.22 in a year (vs. $1.21 in September poll)
- US dollar rally has another 3 months or about six months at most, majority of FX strategists say
Poll of over 70 strategists
- taken Sep 28-Oct 3
Forecast the euro to trade higher at $1.16 in three months
- then expected to rise to $1.22 in a year
- "We feel that a lot of bad news is already priced into Italian assets - including a Moody's downgrade - and hence see the balance of risks tilted towards the euro moving higher from here as some of the markets' worst fears are shelved," noted Viraj Patel, an FX strategist at ING in London.
- expected to fall at most by only one percent to a low of $1.14 at some point over the next three months, according to the median of 30 strategists who answered an additional question
