Credit Agricole lowered its expectations for the US dollar. Valentin Marinov, head of the bank’s Foreign Exchange Strategy Department, wrote in a research paper that the reasons for the reduction were worries about the new crown epidemic in the United States and the election results in November. The bank raised its forecast for the euro zone as signs of recovery in Europe. < / P > < p > the Fed may adopt more moderate forward-looking guidance, or even use yield curve control, which will reduce the attractiveness of dollar denominated assets. < / P > < p > the strategists currently estimate the euro / dollar at 1.18 in the fourth quarter and 1.20 a year later. Previous estimates were 1.15 and 1.13, respectively. < / P > < p > the report points out that the above expectations may be adjusted if trump is re elected. Further fiscal expansion and aggressive trade protectionism are likely to support the dollar, when analysts will adjust their forecasts.