The currency strategists in the latest Reuters poll believe that the Euro is expected to remain under pressure in the coming months, in the wake of the economic and political turmoil in the Euro zone.
“The euro is forecast to rise over 2 percent to $1.16 in three months. But over 80 percent of strategists who answered an extra question said the risk to those predictions were skewed more to the downside.
The 12-month outlook for the Euro has held steady at around $1.20 in Reuters polls throughout this year on expectations the European Central Bank will shut its quantitative easing (QE) program in December and raise interest rates in the second half of 2019.
After the euro hit a 13-month low of $1.1297 in August, respondents were asked in October how low the single currency would go in the current quarter. The median was $1.14, but the Euro fell well below that last month and weakened to $1.1299, very close to the August low.”