Dollar weakness to last a least until mid-2021 – Reuters poll

The US dollar is likely to remain on the offer at least for six months, having declined by 12% against majors this year,  a Reuters poll of currency strategists found.

While 51 or 72 analysts called for a continued downtrend until mid-2021 on expectations for coronavirus-vaccine led economic recovery and hopes for additional US fiscal stimulus, the remaining 21 said it would end before. 

Key points (Source: Reuters)

EUR/USD has risen over 8% this year, is forecast to give up some of its gains and trade around $1.20 over the next three months.

November global stocks poll showed that most analysts said the current equity bull run would continue for six months or more.