Tuesday, July 21, 2009

Rabobank: growth in the euro / dollar is coming to an end

According to currency analysts Rabobank, upward trend in euro / dollar of the minimum 14 July at 1.3900, finally coming to its conclusion. By the end of August Bank strategists predict decline pair euro / dollar to a level of 1.3700. Indeed, over the next three months at Rabobank expect further weakening of European currencies to the level of 1.3200, and in late 2009 and early 2010, analysts see the bank a couple of euro / dollar is already at the level of 1.2800. For the next year, for 9 months, believe in the bank, the euro / dollar will recover lost ground and return to the 1.3100 mark, and by the end of 2010 will reach 1.3300. At this time, a pair of Euro / dollar was at around 1.4225.

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