- Analytics
- News and Tools
- Market News
- US Dollar to stay dominant, but big Fed push needed to climb higher – Reuters poll
US Dollar to stay dominant, but big Fed push needed to climb higher – Reuters poll
“The US dollar will reign supreme for at least another 3-6 months,” per Reuters’ latest poll conducted between January 31 to February 02. The survey results also mention that it will take a significant change in market expectations for Federal Reserve rate hikes to push it higher.
Additional quotes
Asked how many additional basis points of Fed tightening need to be priced in for this year for the dollar to trade significantly higher, 24 analysts returned a median of 62.5 basis points. That was on top of the roughly 125 basis points currently priced in for the year.
Federal funds futures imply U.S. interest rates will peak at just 1.75%-2.0% in the current cycle. That was lower than the 2.25%-2.50% economists predicted in a separate Reuters poll last month.
The euro was forecast to erase some of its losses for the year and gain over 1.5% over the next 12 months. Those gains would still fall short of recouping an almost 7% loss against the dollar last year.
The Japanese yen, which has benefited from the flare-up in geopolitical tensions and the ensuing flight to safety, was up 0.75% for the year but was expected to give up those gains and drift down 1.5% in a year.
Read: Forex Today: Dollar retains the weak stance ahead of BOE, ECB
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
