U.S. dollar is forecast to depreciate further in 2021
U.S. dollar is forecast to depreciate further in 2021 Nathan Sheets Money management economists and strategists expect to see plenty of activity in currency markets in 2021, forecasting a further depreciation of the U.S. dollar. The dollar lost ground against other major currencies in 2020, falling 8.22% vs. the euro, 2.98% vs. the pound sterling and 4.94% vs. the yen. While still a "relatively strong currency ... I think there is scope for further depreciation" of the dollar, said Nathan Sheets, Newark, N,J.-based chief economist and head of global macroeconomic research at PGIM Fixed Income...
Source: pionline.com