According to Analysts, the Dollar's Power is Still Present in the Foreign Exchange Markets

The majority of currency experts surveyed by Reuters said that the dollar's strength has not yet peaked, although there was disagreement on when the advance of the currency would finish.

August 04, 2022 - 01:03 PM 499 views

According to Analysts, the Dollar's Power is Still Present in the Foreign Exchange Markets

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© According to Analysts, the Dollar's Power is Still Present in the Foreign Exchange Markets

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The majority of currency experts surveyed by Reuters said that the dollar's strength has not yet peaked, although there was disagreement on when the advance of the currency would finish.

Key Findings

The strength of the dollar hasn't yet peaked, according to a substantial majority of strategists who responded to a second question in the Aug. 1-3 poll, or 40 of 56.

In response to the question of when it will peak, 14 people indicated it would happen within three months, 19, within six months, another 6, within a year, and 1, within two years. Only 16 people cited that it had.

In a poll conducted in July, just a small percentage of analysts predicted that the euro would trade at or below parity with the dollar over the projection horizon. However, approximately one-third of the more than 60 strategists now predict that it will return to those levels over the next three months.

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