perspectives d’investissement
Dollar correction has not yet run its course
Key takeaways
- The dollar correction lower has not yet run its course, though pace of depreciation is likely to slow
- We maintain our euro-dollar forecast at 1.21 by year-end
- Euro-Swiss franc should gradually gain, but franc depreciation will likely be limited
- The market is now awakening to the no-deal Brexit risk and sterling should struggle near term, though a basic EU/UK deal should provide support later
- We continue to expect gradual strength for the yen
- We lower our dollar-yuan forecasts and would view a Biden presidency as bullish for the Chinese currency.
Information Importante
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