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Citi analysts forecast the euro could fall to 0.98 against the dollar within 6-12 months, citing rising political risk in Europe and a likely continuation of the dollar uptrend. EUR/USD was testing fresh lows near 1.054, after weak eurozone industrial production data and strong polling for Marine Le Pen in France.
A sustained stronger dollar would lift the cost of dollar-priced commodity imports for euro-zone feed buyers and could support lower dollar quotes for U.S. exports. The forecast is a bank view rather than a confirmed move.
exchangerates.org.ukJoel WrightFeb 21, 2017Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
