Citibank analysts suggest that their point forecasts show that the USD is around 1% weaker vs. G10 over 0-3m and around 4% weaker over 6-12m. Key Quotes “The USD can fall when there is positive growth convergence (RoW growth outperforms the US, a la 2017) and negative growth convergence (US and ROW growth falls but RoW growth falls less). For example, in 2015, US growth retreated from 3.8% yoy to 1.3% yoy but Eurozone growth slowed down from 2.0% yoy to 1.8% yoy only. Dollar index fell from 100 to 93 in this period.” “We expect the differential between US and EA growth to peak in 2Q this year. Growth outperformance may narrow from 2% to 1.8% in Q2 and further reduce to 0.7% in Q4, which may undermine the USD.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/SEK tumbles to lows near 10.55, 200-hour SMA FX Street 4 years Citibank analysts suggest that their point forecasts show that the USD is around 1% weaker vs. G10 over 0-3m and around 4% weaker over 6-12m. Key Quotes "The USD can fall when there is positive growth convergence (RoW growth outperforms the US, a la 2017) and negative growth convergence (US and ROW growth falls but RoW growth falls less). For example, in 2015, US growth retreated from 3.8% yoy to 1.3% yoy but Eurozone growth slowed down from 2.0% yoy to 1.8% yoy only. Dollar index fell from 100 to 93 in this period." "We expect the differential between US… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
