US Dollar Seen Weakening Ahead of Midterm Elections
FX strategists in a recent Reuters poll maintain a bearish view on the US dollar heading into midterm elections. However, many warn that strong economic growth and stubborn inflation could drive unexpected currency resilience.
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The United States dollar will slide in coming months according to FX strategists polled by Reuters who have clung to their long-term bearish view running into midterm elections. Forecasters expect the EUR/USD rate to rise 4% to $1.16 in a year from around $1.12 currently.
