Forecast
Danske: yuan rebound when coronavirus under control
Other EM currencies such as ruble likely to gain ground against dollar
Westpac: UK election results blow sterling cap
The pound regained its lustre on the news UK prime minister Boris Johnson secured a majority
City Index: yuan under pressure as US-China tensions rise
Retaliatory measures put further downside pressure on yuan while dollar will be mixed in 2020
Swissquote: FX complacency to continue in 2020
Drivers to volatility no longer capturing the market’s interest
Danske Bank: yuan to rise on trade tailwind in 2020
Chinese currency expected to strengthen in light of economic recovery
SEB: hard Brexit risk is still around
Sterling strength depends on December 12 election, while dollar may have peaked
CMC: dollar will not weaken too much, despite Fed easing
USD unlikely to weaken significantly as ongoing rate differentials remain in its favour
TD Securities: renminbi to sink to 7.30 amid US-China tensions
Move will alleviate some pressure from US tariffs; bank expects interim gyrations in EM trading
Monex Europe: watch for further cracks in the dollar
US is slowing with the rest of the world, as trade uncertainty and external conditions begin to bite
Wells Fargo: yuan to weaken amid dim prospects for trade deal
PBoC will allow more yuan depreciation, as new tariffs kick in and growth expected to slow further in 2020
Rabobank: dollar to remain moderately strong
Despite recent Fed cuts, proactive G10 central banks and interest rate differentials still supportive for greenback
RBC: yield differentials will favour dollar over others
Despite falling US interest rates, the dollar will remain a high-yielding currency
Informa: renminbi range trading likely the norm throughout 2019
Further escalation of trade tensions could send China’s currency to 7.25 in near term
Westpac: sterling weakness continues as Brexit deal unlikely
Australian bank maintains long-held bearish outlook on pound
Monex: Fed can’t curb dollar strength
Only improvement in global growth will end the strong dollar dynamic
Saxo Bank: finally time for USD to weaken
US dollar likely to wane if Fed keeps delivering powerful easing
City Index: expect rising FX volatility levels near-term
US-China trade dispute and prospect of currency war combine with Europe’s political uncertainties
ABN Amro: yen to strengthen as dollar rally fades
USD/JPY will fall below 100 as safe haven flows shift from the dollar to the yen
City Index: yuan to hit seven within a month
China’s yuan has not seen such levels for more than a decade, but trade war with US induces flirtation
CIBC: sterling on defence as Johnson becomes UK PM
Expect interest to sell sterling in short term as market remains on guard for possibility of no-deal Brexit
Rabobank: dollar to strengthen on Fed’s slow rate cutting
Fears of slowdown in emerging markets and rate cuts by other G10 central banks will contribute to greenback’s strength