US fiscal policy is turning tighter and unconventional monetary policy will be eased further. That supports USD weakness whilst no stimulus agreement would send the USD sharply lower, according to economists at ANZ Bank who forecast EUR/USD at 1.21 by end-2020. Key quotes “In essence, fiscal policy is turning tighter, and over time we think its emphasis will change from emergency programs, to areas of growth (digital, environment, infrastructure). Against the uncertainty of the coming election and expectations of further Fed easing in the fall, the backdrop favours weakness into year-end.” “We are forecasting a move into a 1.20-1.25 trading range for EUR/USD with a year-end spot target of 1.21. However, we realise that if Congress fails to agree a package, that could weigh heavily on the USD in the short term. In that case, more dynamic losses could occur, possibly forcing a move into a 1.25-1.30 range. For the moment, we view retracements as buying opportunities.” 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 Natural Gas Futures: Extra pullbacks likely FX Street 2 years US fiscal policy is turning tighter and unconventional monetary policy will be eased further. That supports USD weakness whilst no stimulus agreement would send the USD sharply lower, according to economists at ANZ Bank who forecast EUR/USD at 1.21 by end-2020. Key quotes “In essence, fiscal policy is turning tighter, and over time we think its emphasis will change from emergency programs, to areas of growth (digital, environment, infrastructure). Against the uncertainty of the coming election and expectations of further Fed easing in the fall, the backdrop favours weakness into year-end.” “We are forecasting a move into a 1.20-1.25 trading… 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.
