Via Reuters monthly currency poll on the euro:
(poll of over 70 strategists)
- EUR/USD forecast at $1.19 in six months (prior forecast was to $1.22
Some comments add some nuance to the bland forecast:
- "With (U.S. President Donald) Trump and the Fed forging ahead with their domestic agendas, expect the dollar to stay supported and the risk environment to stay fragile," noted Chris Turner, global head of strategy at ING
- "The period of synchronized global growth underway for the past year looks to be giving way to a period of more U.S.-biased global growth. With this shift, we want to avoid being underweight U.S. dollars," noted Mike Ryan, chief investment officer for the Americas at UBS
- "Because of the Fed's position to stand out as the most hawkish bank within the G10, the dollar is getting that bit of extra support over and above other G10 currencies," said Jane Foley, senior currency strategist at Rabobank
- "If the global trade wars intensify and there is a spike in global risk aversion, the USD could benefit at the expense of the emerging market and high-beta currencies, but the FX majors could even outperform the USD if the conflict between China and the U.S. intensifies," BBVA strategist Roberto Cobo Garcia said.
