Reuters poll of nearly 70 foreign exchange analysts showed continuing views that nearly all major currencies will be trading higher than current levels in the next 12 months
Reuters add:
- a view these analysts have held for years, even as the dollar drifted higher.
Says the report:
- currencies offering higher interest rates were expected to outperform
- The British pound, the New Zealand dollar and the Canadian dollar were expected to gain 2.9%, 1.6% and 2% respectively.
- the euro and the Japanese yen, were not forecast to claw back their year to date loss of 5% and 9% over the next 12 months
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