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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.

Author

Omkar Godbole

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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