Analysts predict dollar decline amid easing US inflation
Most foreign exchange market strategists expected the US dollar to decline in the coming months due to falling oil prices and easing inflation-related concerns, although some believed its strength would persist. The dollar's support came from rising inflation rates, a robust economy, higher Treasury bond yields, and expectations that the Federal Reserve will raise interest rates nearly twice this year. The euro is projected to rise by 2% to $1.16 by September, to $1.17 by the end of the year, and to $1.18 after one year.
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