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US Dollar Reign Set to Finally End for Top Forecasters on Fed Cuts

From bnnbloomberg.ca

The most accurate currency forecasters see the dollar weakening this year and the euro benefiting, as the U.S. looks set to outpace Europe in monetary policy easing. An eventual resolution to the U.S.-China trade spat will also support the common currency’s ascent by 4% to $1.17 at the year-end, according to Kyriakos Pavlou, a senior trader at Eurobank Cyprus, which led Bloomberg’s rankings of foreign-exchange predictions in the second quarter. His views were echoed by Rabobank International and Julius Baer, who placed second and third on the list, though they see a slower pace of decline for the greenback. The ... (full story)

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  • Category: Fundamental Analysis