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15 May 2015
EUR/USD sees 0.95 over 12M view – Goldman Sachs
FXStreet (Barcelona) - FX Strategists at Goldman Sachs, expect EUR/USD to fall again, maintaining a 12M target at 0.95
Key Quotes
“The recent rally in the euro has reflected the strong European data and the slowdown in the US to some degree.”
“Our economists expect the US economy to rebound in 2Q, as consumption recovers. With an improvement in growth, we would expect expectations for interest rate rises in the US, and therefore higher interest rate expectations, to once again push the dollar higher.”
“Our currency strategists expect the euro to fall to 95 cents against the US dollar over the next 12 months.”
Key Quotes
“The recent rally in the euro has reflected the strong European data and the slowdown in the US to some degree.”
“Our economists expect the US economy to rebound in 2Q, as consumption recovers. With an improvement in growth, we would expect expectations for interest rate rises in the US, and therefore higher interest rate expectations, to once again push the dollar higher.”
“Our currency strategists expect the euro to fall to 95 cents against the US dollar over the next 12 months.”