Euro Forecasters See a World-Beating Run in 2020
- Currency seen rallying 4% in 2020 to $1.16 in Bloomberg survey
- Euro-dollar risk reversals signal bullish bias across tenors
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After two years of setbacks, the euro is enjoying a wave of much-needed investor optimism as 2019 draws to a close.
The shared currency will rally more than 4% against the dollar in 2020 in the world’s best foreign-exchange performance, according to the median estimates of analysts in a Bloomberg survey. Forecasters see it benefiting from an improving global economic outlook and fading political tensions.