Home Markets Dollar adrift, but volatility to drive FX markets in short run

Dollar adrift, but volatility to drive FX markets in short run

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A U.S. five dollar note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration//File Photo

  • reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/fx-polls?RIC=EUR= poll data
  • Reuters poll graphic on major currency market outlook: https://tmsnrt.rs/2Vr7DGm
  • Reuters poll graphic on the outlook for EUR/USD, USD/JPY, GBP/USD and USD/CHF: https://tmsnrt.rs/2VeBoKN

BENGALURU, Aug. 5 (Reuters) – After a recent spill, the dollar looks a bit rudderless, waiting for direction on U.S. monetary policy, according to foreign exchange strategists polled by Reuters who predicted the currency will have ceded more ground 12 months from now.

Having fallen from a 15-week high set a fortnight ago, the dollar is still up over 2% for the year, although that gain is expected to be erased within 12 months. read more

“The base presumption is…fairly rangebound from here, but it entirely depends on what we see happening in terms of fiscal or monetary…

Click here for full article…www.reuters.com