US dollar to be dethroned next year - Reuters
|The dominant dollar could lose its shine next year, according to a Reuters poll of 70 currency strategists taken between Sept 28-Oct 3.
Key points (Source: Reuters)
The US dollar’s dominance will last only another three months or six most.
The EUR will withstand the latest political turmoil in Italy and any short-term spill will be limited.
The euro could trade higher at $1.16 in three months and is seen rising to $1.22 in a year.
The single currency is expected to fall at most by only one percent to a low of $1.14 at some point over the next three months, according to the median of 30 strategists.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.