The Canadian dollar is set to gain more than 2% against its United States counterpart in a year as an expected recovery in the global economy from the Covid-19 crisis improves the outlook for commodity prices, a poll showed.
Economy of China is expected to recover steadily in the rest of the year, boosted by stimulus measures to reverse the damage from the Covid crisis, but weak global demand and rising the U.S.-China tensions are key risks, a Reuters poll showed on Friday.
The global stock market rally has further to run in 2020, according to analysts, brokers and strategists polled by Reuters, but much depends on United States and Chinese officials making real progress in stopping a disruptive trade war.
The Chinese yuan will hold on to its recent gains against the US dollar, and likely make a modest push forward from current levels over the coming year, as optimism about a China-U.S. trade deal offsets anxiety over weak domestic economic growth, a poll showed.
Economy of Britain will barely grow in the run-up to Brexit amid concern the UK will leave the European Union without an agreement, but if there is a deal there will be a modest post-divorce upturn, according to economists polled by Reuters.
Yuan of China will breach the 7 per dollar rate within the next six months, according to about 60 percent of FX strategists, who also said authorities would continue to exert control over the currency in 2019.