Euro Seen Lower Against Dollar Than June Poll in Reuters FX Strategist Survey

A Reuters survey found that most foreign-exchange strategists expected U.S. dollar positioning to stay steady or become more net long by the end of July. According to Jin10, 29 of 41 FX strategists said dollar positions would remain stable or see an increase in net long holdings by the end of July, while 12 said positions would decline. The survey put the euro at 1.16 against the dollar in three months, 1.17 in six months, and 1.18 in one year. In the June survey, the corresponding forecasts were 1.18 in three months, 1.19 in six months, and 1.20 in one year.