Exchange Rate Forecasts at Mid-Year. The pair closed for the month in Euros favor.168 handle with majority of month gaining momentum from news on geo-political events and trade war related proceedings rather than a macro data supported momentum. The first week saw continued news that helped push Euro higher despite trade war and internal conflict woes in Europe. Dollar could struggle to extend its gains over the coming months, according to analysts at mufg, who forecast that the greenback will cede ground to a number of it developed world rivals before year-end. Wednesday, 18:23, written by James Skinner, the.S. Monday, 05 November 2018 15:13, written by James Skinner, the.S.
As market players had predicted rate hike by ECB before summer of 2019, Euro investors chose to sell the currency. UOB Exchange Rate Forecasts: EUR, USD, GBP, AUD and SGD. Moving forward immediate focus remains on US non-farm payroll data with no major releases in Euro zone and euro is likely to decline further as trading session moves into month of July. Eburys analysts (below led by Chief Risk Officer Enrique Daz-Alvarez, were ranked among the top forecasters for the following nine currency pairs: Enrique Diaz-Alvarez, CRO; Matthew Ryan, Senior Market Analyst; Roman Ziruk, Market Analyst. While updates from ECB confirmed QE tapering talks with decision to phase out stimulus provided by three year bond buying program by end of 2018 by reducing the bond purchase volume from 30 billion Euros to 15 billion Euros after September 2018, the update also. Eurusd Weekly, euro saw slight bearish pressure mid-week over dovish macro data and hawkish US Fed policy meet updates as the interest rate was raised in line with expectations and Fed update confirming two more rate hikes within the year. National Australia Bank Exchange Rate Forecast Update: "Markets Volatile Trade Angst Still Cuts Both Ways". Recent strength in Euros rally lacks fundamental support and USD remains strong on broader market as prospect of multiple rate hikes this year gives it an edge against common currency which as of now doesnt have any rate hikes before summer of 2019 and current. Dollar is likely to remain the dominant force in currency markets until well into the New Year, according to analysts at mufg, who now project a slower pace of gains for most other currencies during the months ahead. Post ECB meet update saw the pair plummet down from monthly high.185 handle. The second week opened on a positive sentiment for Euro as G7 summit held over the weekend in Canada ended in a disaster with US President Trump storming out of the meeting after lashing out against its allies which weighed down US Greenback and brought. Thursday, 17:03, written by James Skinner, pound Sterling and Euro exchange rate forecasts for year-end have been downgraded by Lloyds Bank, in its latest International Financial Outlook, following a month where the US Dollar has continued to reign supreme over all of its rivals.