Bloomberg predicts a significant rise in the dollar in 2016

Bloomberg predicts a significant rise in the dollar in 2016


NEW YORK, January 2. /Corr. Ivan Sawyers/. The us dollar by the end of the current year will be significantly strengthened relative to most major currencies of the world. Such forecasts published by Bloomberg.

See also

Fluctuations of the ruble against the dollar and Euro in 2015

According to his estimates, the depreciation of the Euro against the U.S. dollar, in particular, will amount to almost 3%. The yen weakened against the us currency by 3.5%, the Swedish Krona, Danish Krone and Australian dollar by approximately 5%. The decline of the Swiss franc against the national currency of the US will reach almost 6%, while the new Zealand dollar will exceed 7.5%.

In accordance with the Agency’s forecast, to strengthen against the dollar by the end of 2016 should the canadian dollar by approximately 3.5%, the pound sterling by 2.5% and the Norwegian Krone by 1.2%.

That led to dollar growth

As noted by Bloomberg, the period of growth of the dollar, “which began during the second term of Barack Obama may become one of the largest since then, as in 1971 abolished the provision of the U.S. currency gold reserve”. A significant strengthening of the dollar also took place during the administrations of presidents Ronald Reagan and bill Clinton.

Expert opinion

Author: Konstantin KORISHCHENKO
Korishchenko
Constantine

“This is the third period of a significant increase in the dollar that we see,” said the head of currency trading new York financial services company Brown Brothers Harriman & Co mark Chandler. – I think the reasons for the strengthening of the dollar during the stay of Obama as President included changes to monetary policy.”

As noted by Bloomberg, the strengthening of the national currency, the U.S. emerged in 2013, when the Federal reserve system (FRS) the USA, performing the functions of a Central Bank in the country, beginning the termination of the program support the national economy. On 16 December it became known that the fed has decided to increase the basic interest rate to 0.25-0.5% 0-0,25% per annum.

Infographics


Prices for Brent crude and the dollar

Prices for Brent crude and the dollar. Infographics