Forex news and forex forecasts

06/12/2018 12:551

Reuters: US dollar to be weaker against major currencies in 20192

A Reuters poll of foreign exchange strategists showed on Thursday, the US dollar is set to reverse this year’s solid upsurge in 2019 amid US economic slowdown concerns. “In the latest Reuters poll of more than 60 currency analysts, taken Nov. 28-Dec. 5, the dollar was forecast to be weaker against major currencies in a year, leaving the Euro at $1.20, up over 6% from around $1.1340 seen on Thursday. While sterling was forecast to gain over 7% to $1.37 in 12-months from $1.28 on Wednesday, it was slightly lower than the $1.38 predicted last month. But the dollar index .DXY, which measures the greenback against a basket of six major currencies, was forecast to close out 2019 at 91.90, down over 5% from around 97.20 last minutes. That suggests the greenback will reverse and shave off all the gains made this year in 2019.”3