As we head into , this major currency pairs forecast is crucial for forex traders who need some direction on what to expect. Keep in mind, circumstances change along the way, and these predictions are not carved in stone. The US dollar registered a lacklustre performance for all of , but it might also have the most promising of the currency pairs forecast in As soon as the new year began, the US dollar index began to wane.
At the start of , the US dollar index was at a year high around However, this currency is poised for upward movement in after the administration managed to pass a key legislation on tax reform.
Besides the direct impact of this decision, it also signifies the long-awaited reforms promised by President Trump, which may further strengthen the US dollar. Besides this, experts are bullish on the US dollar for considering other currency pairs forecast. Some of them are considered in the following sections. After a year of considerable growth, the uptrend of the euro seems to be finally slowing down. Given the already strong economic performance and decreasing inflation, the ECB decided to extend the economic stimulus package into GDP growth rate continued to rise to 2.
From this stance, it is expected the euro will continue to diminish compared to other major currency pairs forecast next year. After uncertainty through the first half of the year over Brexit negotiations, Article 50 was finally triggered in April. However, instead of causing the pound damage, the pound index rose and kept doing so for most of the months afterwards. When finally the BoE showed a dovish hand, the currency fell further.
Compared to other currency pairs forecast, the sterling pound is widely expected to decline in , unless there is a major change. Email required - will not be published. Special Bonuses for US Traders!
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