11-26-2015, 09:18 PM
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It's 42
Industry Role:
Join Date: Jun 2010
Location: Global
Posts: 18,083
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Quote:
Originally Posted by Barry-xlovecam
Why?
If anything the euro may trade in the $1.05 to $1.15 range for a year's time perhaps. I see the euro getting hammered lower if energy, gas and oil prices, increase. The EU is more dependent on imported oil and the geo politics of world oil  |
Euro Heading For Parity With Dollar By Year End: Goldman Sachs Report
November 26 2015 7:20 PM EST
Quote:
Analysts at Goldman Sachs believe the euro could be heading for parity with the dollar. The euro dropped below $1.06 Thursday, following an exclusive report by Reuters that claimed the European Central Bank (ECB) had been considering a variety of options before the next ECB meeting.
The ECB is expected to decide at the meeting whether to expand its current program of quantitative easing. The bank also might cut interest rates further. "They expect EUR-US$ to go to 0.95 over the next 12 months, but this level could be reached sooner," said an outlook from Goldman analysts. "Until the ECB meeting, they expect 1.05 and parity by year end.
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