Corporate Records continues to please investors, pushing major stock indexes to the maximum this year, Citigroup and currency strategists note that in these circumstances, preserving the pressure on the U.S. currency looks quite logical, but, given the next wave of growth expectations for the recovery of world economy, they see the risks the fall of the dollar to fresh minimum. Euro / dollar remains within a narrow range of intraday and currently holds about $ 1.4222, continuing to test Ofer near $ 1.4230/35, break above which will open the way to $ 1.4250/60, and then to $ 1.4330/50. At Citigroup, meanwhile, noted that followed the three-month forecast for the pair at $ 1.43, but looked forward to its growth to $ 1.46 over the next six / twelve months. The bank is also expected weakening of the dollar against the yen and had forecast for this pair at the Y93 and Y90, respectively.
Tuesday, July 21, 2009
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