Ebury Partners believe that the dollar has not exhausted its upward potential

The restrained growth in the dollar after the first raise of the rates in the US for nearly a decade allows us to count on continued development of the upward trend, said the analyst Enrique Alvarez Diaz from Ebury Partners, who predicted the dynamics of the US currency in 2015.

According to the strategist, EUR/USD will fall below parity in 2016, as investors will need to adjust their expectations for mild tightening of monetary policy by the Federal Reserve.

"Many express their concern how the US economy will bear the tightening of monetary policy, but these fears in a mostly are baseless and exaggerated." - Said the expert on risk management. - "There are many reasons to expect a further weakening of the euro against the dollar in 2016".

From Ebury predict, that the dollar, which rose for 11 percent last year, will continue it's positive dynamics, as in 2017 EUR/USD will reach 0.95, which would represent the most significant decline in the history of the united currency, or for 47% compared to May 2014.