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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
"..Goldman Sachs lowers their euro forecasts slightly.
Their new forecasts for 3, 6 and 12 months, are $1.40, $1.45, and $1.50,
down from $1.45, $1.50 and $1.55 prior... the
recent increase in the euro area's fiscal risk premium is likely to
persist.. very large short EUR/$ positioning is likely
to last in the future.. but the underline
dollar downtrend is likely to drive the euro higher.."
Indeed it's the shambles but euro is still strong currency and no country want the extinction of euro that's why there is no chance for your call.
Fiscal issues will likely to continue but Eurobond will be there