A hunt for yield in emerging market currencies could keep the US dollar on the offer longer than previously expected, according to a majority of 70 foreign exchange strategists polled by Reuters between Jan. 4-7. Key points (Source: Reuters) 35 of 63 analysts – or around 55% – predicted the dollar’s weakening trend would last more than a year, while others expected it to run out of steam before the end of 2021. A clear majority, or 47 of 57, analysts said that emerging market currencies would perform better against the dollar this year. Major currencies are predicted to post marginal gains against the greenback over the next 12 months. The euro is forecast to gain around 1.9% to $1.25 by the end of this year. 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 WTI Price Analysis: Flirts with $51.00 inside immediate rising wedge FX Street 11 months A hunt for yield in emerging market currencies could keep the US dollar on the offer longer than previously expected, according to a majority of 70 foreign exchange strategists polled by Reuters between Jan. 4-7. Key points (Source: Reuters) 35 of 63 analysts – or around 55% – predicted the dollar's weakening trend would last more than a year, while others expected it to run out of steam before the end of 2021. A clear majority, or 47 of 57, analysts said that emerging market currencies would perform better against the dollar this year. Major currencies are predicted to post… Top 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.
