The invstr community expects the euro to depreciate even further against the dollar, here’s why…

by | Jan 20, 2015

The invstr community predicts EUR/USD to fall to $1.14 this week and $1.10 at the close of next week nearing speculative parity between the two currencies in the next two years. There are a number of factors affecting these bearish community predictions including expectations of the ECB announcing a stimulus programme of quantitative easing with anticipated purchases worth hundreds of billions of EU government bonds in an effort to address deflation. The euro has remained under pressure against the dollar in the lead up to the ECB’s QE announcement on Thursday.

In contrast, the Fed is on track to raise short term interest rates later this year, strengthening the dollar further.  Political instability in the eurozone resulting from multiple elections in the region will undermine confidence in the euro.

For second-by-second news, and live community predictions, click here.

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Risk Disclosure:
Invstr is a technology platform, not a registered broker-dealer or investment adviser. Invstr does not offer its own recommendations of any security or provide its own research to any user regarding any security transaction or order. Brokerage services, including fractional trading of US securities, are provided to Invstr users by DriveWealth LLC, a regulated member of FINRA/SIPC. DriveWealth may not establish investment accounts to residents of certain jurisdictions. For more information, including disclaimers, risk and transaction fees click here. Please note, investing involves risk and investments may lose value. Past performance does not guarantee future results.

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ALL RIGHTS RESERVED © INVSTR LTD. 2017

Risk Disclosure:

Invstr is a technology platform, not a registered broker-dealer or investment adviser. Invstr does not offer its own recommendations of any security or provide its own research to any user regarding any security transaction or order. Brokerage services, including fractional trading of US securities, are provided to Invstr users by DriveWealth LLC, a regulated member of FINRA/SIPC. DriveWealth may not establish investment accounts to residents of certain jurisdictions. For more information, including disclaimers, risk and transaction fees click here. Please note, investing involves risk and investments may lose value. Past performance does not guarantee future results.

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