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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