US dollar’s surge this year to reverse in 2019 - Reuters poll

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.

Key Findings:

“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.”