Wednesday, July 29, 2009

Bank of America - Merrill Lynch has revised forecasts for the euro

Currency strategists Bank of America - Merrill Lynch upgraded the forecast for the European currency against the U.S. dollar and Japanese yen. According to analysts the bank, by September, the euro might rise to the level of 1.45 (compared to before. Predicted 1.32), and by the end of the year to reach 1.50 marks (last forecast of 1.38). With respect to a pair of euro / yen, that by September at the bank expected growth to 145 couples (last forecast of 139), and by December - up to 158 (last forecast of the bank 152). At this time, a pair of Euro / dollar traded at around 1.4141, euro / yen is at a point 134.24.

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