Will the US Dollar Be in High Demand in 2012?

US dollar forex trading forecast

Right now, euro appears to be edging higher in forex trading, moving toward the 1.2800 level. However, euro seems to be capped — unable to get to that point. And this is likely to be a common story this year.

Indeed, according to UBS, 2012 is likely to be a year that sees higher demand for the US dollar. The US dollar forex trading forecast is expected to be one of gains as forex traders and other investors look for ways to shore up their portfolios.

In light of economic uncertainty and difficulties with the markets, forex traders and others are looking for stability, and that is something the US dollar offers. If things continue to go the way they have been, especially in Europe, the US dollar is likely to see solid gains in the coming year. 

See Also

• US Dollar Forex Trading Forecast
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