Vladimír Urbánek (Kurzy.cz)
Currencies  |  October 07, 2010 15:02:44

Goldman Sachs: The dollar is waiting until a year weakening to 1.55 USD / EUR, the current strength of the crown last

Short-term support to provide dollar debt from the peripheral concerns of the euro area and the weakening of European economic growth is exhausted and awaits further weakening the dollar, not the $ 1.40 / EUR, but in the 12 months up to 1.55 USD / EUR foreign exchange strategists warn U.S. investment bank Goldman Sachs in a new global monetary monthly forecast, which is then compared to the dollar in September much more pessimistic. To the Crown with Goldman Sachs builds better when expected that the Czech currency at current levels of annual outlook weakens only minimally.

The October forecast of Goldman Sachs expects the dollar in three months not only looks but also remain above the level of $ 1.40 / EUR order in the next six months, until further weakened psychological velvet $ 1.50 / EUR a year and then up to $ 1.55 / EUR.Goldman Sachs, while dollar weakness due to declining attractiveness of U.S. currency for fear receded from Europe expected in previous projections, but its scope and timing did not guess correctly.

The full report can be found on the server Patria Online, specifically HERE

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Goldman Sachs: Dolar čeká do roka oslabení až na 1,55 USD/EUR, koruně současná síla vydrží (4)

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