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Main » 2016 » July » 11 » Currency. Outlook for background BREXIT
Currency. Outlook for background BREXIT



Economist David Cole believes that the euro could fall to 2% or even higher to $ 1.08 by the end of the quarter. And the yen, which was the best since 1995, prosyadet by 5% against the dollar - based on AMarkets.




Cole - one of the biggest pessimists on Wall Street on the pound. The expert is convinced - Britain will fall to $ 1.16 by the end of September. And about the same level, the pound is forecast to close the year. The median forecast among analysts Bloomberg - $ 1.30 to 31 December 2016. Most experts agree that in the near future the dollar will rise. Demand for the dollar as a defensive asset that is lower than the yen. Bought the yen, the dollar is not bought in addition, roughly speaking. That is, do not have to wait for a weak dollar.

Another player - Canadian bank Canadian Imperial Bank of Commerce, one of the top forecasters for the euro-dollar in a Bloomberg ranking, also believes that the USD will continue to grow. Most market experts believe that during the summer, the players will be focused mainly on sterling. Currency will be under constant pressure, that is, in turn, is the main target for the exchange rate traders.




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