Wednesday October 20, 2004 - 16:41:16 GMT
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Global-View.com - www.global-view.com
Forex survey: Traders lower dollar forecasts
The BiWeekly Survey of professional forex traders conducted by Global-View.com, saw their mean forecast for the eur/$ at the yearend rise to 1.2549 from 1.2321 two weeks ago and the mean $/yen forecast fell to 108.08 from 110.08.
As for the dealer expectations on who will be elected President on November 2, those expecting a Bush victory increased to 70% from 66% on October 6 and a survey low of 54% on July 29.
When asked how the dollar would react immediately to a Bush victory, 35% said it would rise, 44% said it would remain the same, and 21% said it would fall.
When asked how the dollar would react immediately to a Kerry victory, 21% said it would rise, 25% said it would remain the same and 54% said it would fall.
70% saw Fed Funds at 2.0% at yearend vs. 75% two weeks ago.
The mean Crude Oil price forecast for yearend was $49.44 vs. $45.97.
The Global-View.com poll survey received responses from 71 forex professionals and was conducted on October 19 and 20.
For complete survey results go to:
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