Forex strategists from Nomura conducted a survey among its customers, trying to answer the question of what investors expect from the key December.
The majority, or 92% of the respondents, are convinced that the Fed will raise interest rates in the US, and 52% think it will have a new second increase in March 2016. Generally, players provide one or two increases in rates in 2016 and two more - in 2017.
As for the Old Continent, here again, the situation seems predetermined. 75% of respondents are certain, that ECB will cut rates on deposits, compared to only 9% predicted such a move in October.
Consensus expectations for the exchange rate of EUR/USD at the end of the year are for a level of 1.04, at 1.12 envisaged under similar poll in October.
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