Rabobank: the 2 nd half-year decline in euro / dollar may continue

After the turn of the annual maximum at 1.4445 pair euro / dollar has already fallen below the level of 1.4100. According to analysts Rabobank, in the second half of this year's decline in European currencies could continue, and a pair of Euro / dollar by early 2010 could fall below the level of 1.3000. The Bank believes that as early as next month, a pair of Euro / dollar decline toward 1.3800, the next three months will continue downward movement to a level of 1.3400, and by February of 2010 reaches 1.2900. For the next year, by May 2010, currency strategists expect the Bank Rate to restore some level of 1.3100, and by August of next year may rise up to 1.3300. Now a pair of Euro / dollar was at around 1.4083.