Strategists Lower Euro Forecasts, Doubt Yen Intervention Impact
A Reuters poll shows currency strategists have modestly cut their euro forecasts while markets remain skeptical about the effectiveness of Japan’s yen intervention efforts.
EURUSDUSDJPY
Reuters’ latest survey of foreign exchange strategists reveals a modest downward revision to euro (EUR) forecasts. The poll highlights that analysts have trimmed their expectations for the single currency in the near term.
At the same time, the poll underscores persistent market skepticism regarding the impact of Japanese authorities' interventions to support the yen. Participants largely doubt that such measures will deliver a lasting boost to the Japanese currency.
Source: FXStreet Forex News