According to the latest Reuters survey of market strategists, the US dollar will rally strongly against most currencies next yearamid growing fears of a US recession, which will revive its appeal as a haven stock.
conclusions
“The The dollar will trade around current levels a year from now and will maintain its gains of close to 10% so far this year.despite its recent setback”.
“Nearly two-thirds, or 33 of the 51 strategists who responded to an additional question, said the biggest risk to the dollar over the next month is that it will bounce rather than continue to fall.”
“An overwhelming majority of 80%, or 42 of 51 respondents, said there was not much room for the dollar to rise based on monetary policy.”
“It is expected thatThe euro loses around 3% at the end of February to trade at $1.02. It is estimated to go up to $1.07 within a year.“
“The Japanese yen is expected to change hands around 139.17, 136.17 and 132.67 per dollar in the next three, six and twelve months respectively.”
“It is estimated that the Sterling will lose almost 5% to trade around 1.16 in three months“.
“The Chinese yuan is expected to remain above the 7.0 per dollar level for the next six months.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
