Euro Seen Capturing Currency Throne From Dollar Again in '18
- Single currency seen rising to $1.21 on more hawkish ECB
- Dollar strength to be sapped by politics, Fed under-delivering
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After trouncing the dollar this year, the euro is set for a repeat performance in 2018, according to forecasters.
Buying the shared currency ranks among next year’s top trades as it’s set to get new momentum from the European Central Bank’s gradual unwind of ultra-loose monetary policy. The euro surged 12 percent for the best Group-of-10 performance against the dollar this year. ING Bank NV is predicting a gain of about 10 percent in 2018.