Wells Fargo: potential monetary policy convergence in 2018
But divergence will prevail in 2017
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Policy divergence between the world's major central banks could peak in 2017 and set the scene for the beginnings of policy convergence in 2018, when the European Central Bank (ECB) is expected to embark on a normalisation path, says Erik Nelson, a currency analyst at Wells Fargo.
The bank, which topped FX Week's 12-month forecast table, expects the pace of the dollar's strength to gradually slow as 2017 progresses and for a potential reversal at the beginning of 2018
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