Expect dollar rally to fade, BBVA says

The Spanish bank sees EUR/USD trading at $1.18 by year-end and to hit $1.21 by the fourth quarter of 2018

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Central banks on both sides of the Atlantic will remain the focus for markets trading the euro and the dollar

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The recent correction in the US dollar is unlikely to evolve into a full-scale comeback, as fundamentals will continue to support the euro, pushing EUR/USD higher, according to Alejandro Cuadrado, global head of FX and Latin America strategist at BBVA.

“The temporary nature of the latest move in the dollar is twofold: one is in terms of a repricing of an excessive correction in the dollar, although we still haven’t found a middle ground between Fed pricing and wh

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