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- The dollar is slightly lower versus the euro on Monday, but will end the year 10% higher in trade-weighted terms than it was at the end of 2017, says Societe Generale
The dollar is slightly lower versus the euro on Monday, but will end the year 10% higher in trade-weighted terms than it was at the end of 2017, says Societe Generale
The prospects for the dollar to rise aren't great, and most of the gains it gathered came earlier in 2018. However, the European economy is taking hits from Brexit, Italian political uncertainty, French protests and the German emissions scandal, as well as uncertainty about trade, SocGen says. "That's a lot for the euro to cope with," the French bank says. Therefore, even though EUR/USD is up 0.1% at 1.1317, the best we can hope for is that the bottom of the current EUR/USD 1.12-1.1450 range holds in the near-term, SocGen says.
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