20.10.2016 - World’s Fourth-Biggest Currency Trader Sees Euro Decline Ahead
Deutsche Bank AG is sticking with its weaker euro call. The currency dropped to the lowest in almost three months and the world’s fourth-largest foreign-exchange trader says it’s got further to fall. The bank sees the shared currency declining to $1.05 by year-end, more bearish than the $1.10 median estimate of analysts surveyed by Bloomberg. Traders will be watching the European Central Bank’s policy-setting meeting Thursday for signals about its monetary stimulus efforts, which haven’t prevented the euro from climbing this year..........................................Full Article: Source
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