By Shrutee Sarkar BENGALURU (Reuters) - The euro zone economy is in double-dip recession amid lockdown restrictions due to a resurgence in coronavirus.
The dollar s weakening trend is still in play, with the currency predicted to stay range-bound or fall in the next three months, according to a majority of strategists in a Reuters poll,. | February 6, 2021
reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/fx-polls?RIC=MXN= poll data on Mexico’s peso reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/fx-polls?RIC=BRL= poll data on Brazil’s real
BUENOS AIRES, Feb 5 (Reuters) - Brazil’s real will hold in last month’s trading range in the short term, with strategists closely following discussions over new stimulus plans aimed at nurturing an economic recovery, a Reuters poll showed.
The currency fluctuated between 5.2 and 5.5 per U.S. dollar in January, stronger than its 2020 record low but also sensitive to slow progress in the vaccination effort against COVID-19, which has left more than 220,000 dead in Brazil.
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BENGALURU (Reuters) - The dollar’s weakening trend is still in play, with the currency predicted to stay range-bound or fall in the next three months, according to a majority of strategists in a Reuters poll, suggesting the currency’s recent strength was just a blip.
FILE PHOTO: U.S. dollar and euro banknotes are seen in this picture illustration taken May 3, 2018. REUTERS/Dado Ruvic/Illustration/File Photo
After a sell-off that began last year, the dollar rose in four of the past five weeks and was up over 1% for the year as traders reviewed heavy bets against the currency.
The Canadian dollar is expected to rally further over the coming year as a global economic recovery takes hold, and the gains could accelerate if investors perceive the Bank of Canada is preparing to reduce monetary stimulus, strategists say.