EUR/USD will gradually rise by 2.2% to trade at 1.15 in a year from around $1.1250 at press time, as the US dollar’s dominance would melt away on weakening global demand and a somber US economic outlook, according to a Reuters poll of currency analysts whose views are based on assumption that there won’t be a second coronavirus shock.
The latest forecast is slightly higher than $1.14 predicted last month.
EUR/USD appreciated by 1.85% in the April to June period, erasing the 1.72% decline seen in the first three months of the year.
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