Economists Opinion: Dollar to Drop on Forex Markets

Economists Opinion: Dollar to Drop on Forex Markets

The most-accurate currency strategists see no recovery for the dollar in coming months as the Federal Reserve delays raising interest rates after the end of its $600 billion asset-purchase program in June.

Wells Fargo & Co., the top forecaster for the second straight quarter, and No. 2 St. George Bank Ltd., say America?s currency will be little changed through June as the Fed lags behind central banks boosting rates. Schneider Foreign Exchange Ltd., Societe Generale SA and Bank of Nova Scotia, the next three analysts during the six quarters ended March 31 as measured in data compiled by Bloomberg, say the dollar will keep falling after its weakest start to a year since 2008.

Source: Economists Opinion: Dollar to Drop on Forex Markets