The most accurate currency strategists believe that US dollar won’t be able to recover from 16-month minimum versus the European currency as the Federal Reserve is unlikely to lift up the interest rates after its $600 billion asset-purchase program expires in June.

Analysts at Wells Fargo and St. George Bank expect that the greenback’s rate won’t change much until the end of June as the Fed falls behind other major central banks in monetary tightening. Then dollar may begin gradually regaining its positions versus euro and yen.

Specialists at Schneider Foreign Exchange, Societe Generale and Bank of Nova Scotia think that US currency will continue weakening after the worst start of the year since 2008.

Strategists think that US dollar won’t repeat the advance it made after the end of the first round of quantitative easing in March 2010 when the Dollar Index added 10% during the 2 months.

Here are the forecasts for the pair EUR/USD:

Bank of Nova Scotia in Toronto: $1.45 (year-end)

Schneider: $1.42 (year-end)

Wells Fargo: $1.40 (end of June), $1.34 (year-end)

St. George: $1.38 (year-end)

Societe Generale: $1.50 (year-end)

Bloomberg survey: $1.36