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"This relentless trade friction is likely to heat up to affect the foreign exchange market."
In the past month, global stock market has been hit, because the market fears that Sino US trade disputes may strike against the global economy that has shown signs of slowing down.
The latest Reuters survey, conducted during 3-5 April, visited more than 60 foreign exchange strategist who predicted that the dollar would not change much in the short term, but it was expected to soften in the coming year, which was in line with last month's survey.
However, the financial market has already calmed down, because the United States has offered to consult with China to resolve trade disputes.
That pushed the dollar index to a two - week high on Thursday.
But the latest survey predicts that the dollar will go down in the coming year, and the euro EUR= will rise to 1.28 dollars, up 4% from 1.23 on Thursday. These expectations are similar to those made in March.
Since the beginning of last year, strategist has been maintaining the view of disadvantaged dollar. The US dollar fell 10% in 2017, and this year it has depreciated slightly more than 2%.
"If people are to be convinced that the disadvantaged dollar is expected to be broken, the US data needs to show that the current cycle time will be longer than many people have expected, or the need to see the trade deficit narrowing," Patel said.
"But we expect neither of these two points to be realized, which means that the foreign exchange market will maintain a weaker dollar for some time."
Of the 55 strategist who answered extra questions, 30 said their views on the US dollar performance this year have not changed due to tit for tat trade disputes.
The 16 answer to this question is that the trade disputes will further weaken the US dollar, and the remaining nine strategies say they are more optimistic about the US dollar.
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