Analysts are calling the USD lower

Author: Eamonn Sheridan | Category: News

Reuters conducted polling of 62 analysts, July 31-August polling

Says the report:
  • more than half the strategists, or 33 of 62, in response to an additional question said the dollar's weakening trend would continue for at least another six months, including 24 respondents who expect it to run for more than a year. About a quarter, or 15 analysts, said it would be less than six months. While 11 said it would be less than three months, just three respondents said it was already over. 
Reuters add that euro expected to trade at about $1.18 in a year's time … so in 12 mths the USD to be higher than it currently is against the euro … go figure. 

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