Dollar rebound on cards, but no respite long term – ABN Amro

The greenback's prospects remain negative in the long run, but sterling may have a positive 2019

Front of the Bank of England in London
ABN Amro's Boele: For 2019, we are positive on sterling

CLICK HERE TO DOWNLOAD THE PDF

The dollar could stage a mild recovery in the coming weeks and months, pushing EUR/USD to test 1.20, but the resurgence will not change the negative longer-term outlook on the greenback, says Georgette Boele, co-ordinator of currency and precious metal strategy at ABN Amro.

“Further out, we are of the view that the US dollar is in a multi-year downtrend, which started in 2017, and we expect more weakness next year,” she says.

The dollar could get some support

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: