Analysts at Citibank forecast the US Dollar Index at 97.97 in three months, 97.35 in 6-12 months and at 89.26 over the long term. The risks to the outlook come from the possibility of a recession in the US. Key Quotes: “With most major Central Banks in AEs having shifted in a dovish direction throughout 2019, there is unlikely to be enough policy divergence to warrant sustained trends. Instead, in recent months geopolitical shocks have been the catalyst for higher volatility in asset markets in general. The risks may continue to be more USD positive than negative.” “General tendency to $ appreciation in the first year of recession especially from t+6m, with first year $ gains of about 6-7% on average. If we are heading to a 2020 US recession(not Citi’s base case), then the risks to our medium to longer term views are that this USD bull cycle could extend further.” “Our forecasts imply that the $ may be around flat vs. G10 over 0-3m and 6-12m and about 10% lower over the long run.” 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 Cryptocurrencies price prediction: Bitcoin, Ethereum & Ripple – American Wrap – 12 November FX Street 3 years Analysts at Citibank forecast the US Dollar Index at 97.97 in three months, 97.35 in 6-12 months and at 89.26 over the long term. The risks to the outlook come from the possibility of a recession in the US. Key Quotes: "With most major Central Banks in AEs having shifted in a dovish direction throughout 2019, there is unlikely to be enough policy divergence to warrant sustained trends. Instead, in recent months geopolitical shocks have been the catalyst for higher volatility in asset markets in general. The risks may continue to be more USD positive than negative." "General tendency… 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.
