-
Posted by
Two Blokes May 16 -
Filed in
Forex
-
2 views
After hitting 3-year highs, above 1.1500 in April, the Euro to Dollar (EUR/USD) exchange rate has retreated and consolidated close to the 1.12 level. Danske Bank expects that a sustained loss of confidence in the US economy and capital markets will trigger net EUR/USD gains to the 1.20 area on a 12-month view.
