Forex Blog: Currency Trading News & Analysis.

March 7th 2007

2007 Exchange-rate Forecasts

Forecasting the value of currencies has always been more art than science. Nevertheless, JP Morgan, an American investment bank, has undertaken the most ambitious project of developing a set of 3-month and 12-month forecasts for many of the world’s currencies. Overall, JP Morgan is predicting a modest decline in the Dollar over the next 3 months against most of the world’s majors, perhaps due to declining economic prospects. Over the following 9 months, however, the USD is forecasted to gain ground, finishing the year above where it started. The forecasts are relatively conservative, with the exception of the Chinese Yuan, which is predicted to rise almost 20% against the USD in the next 12 months. Considering the Yuan rose by less than 4% in 2006, this is a lofty prediction indeed!

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Posted by Adam Kritzer | in Investing & Trading | No Comments »

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© 2004 - 2018 Forex Blog.org. Currency charts © their sources. While we aim to analyze and try to forceast the forex markets, none of what we publish should be taken as personalized investment advice. Forex exchange rates depend on many factors like monetary policy, currency inflation, and geo-political risks that may not be forseen. Forex trading & investing involves a significant risk of loss.